Interview with Deep-South Resources CEO Reveals Massive Potential in Copper Space

Because copper demand is expected to exponentially rise the coming years due to the massive electrification of transportation, we searched for attractive companies in the red metal space that hadn’t appreciated yet. We found Deep-South Resources (CA:DSM – $0.21 & US:JAUGF – $0.16 & GER:DSD – €0.12), which owns 100% of the Haib project, a massive copper porphyry deposit in the mining friendly country of Namibia.

So we’re very pleased that we could speak with Mr. Pierre Léveillé, the President and CEO of Deep-South Resources to inform us about the Company. Mr. Léveillé first divulges ample information about the history of Haib and how Deep-South acquired the property.

The CEO next highlights the results of a recently updated PEA for Haib that shows an after-tax NPV of US $1.3 billion and an after tax IRR of 42.1% at a copper price of $3.50 per lb. Of note, the current market capitalization of Deep-South Resources is only 1.8% of this NPV. Moreover, there’s a very realistic potential to expand Haib’s resource. At the moment, the resource has been estimated from surface to 350 meters deep, while some holes that were drilled as deep as 800 meters, still show copper mineralization.

In addition, the Company has a comfortable cash position of over $6 million as it recently upsized a private placement to $4.5 million due to significant demand.

Mr. Léveillé also describes how the Haib Project is in proximity of all essential infrastructure such as paved roads and highway, national power grid, water supply, as well as well serviced local towns.

To discover much more about this exciting investment opportunity, all you have to do is click the play button on the media player below or download the transcript.

Smallcaps.us Advice: BuyPrice Target: $0.67Latest Company Report (pdf)
For important disclosures, please read our disclaimer.

Leave a Reply

Your email address will not be published. Required fields are marked *