Doré Copper Mining’s (TSXV: DCMC – OTCQB:DRCMF) assets contain some of the highest-grade undeveloped copper and gold deposits in North America. The company’s projects are located just 14 km from the town of Chibougamau in mine-friendly Quebec and are one of Canada’s premier near-term redevelopment opportunities. Doré Copper is debt-free and owns a 2,700 tpd mill with a 8.0Mt tailings facility. There is already power to site and it is accessible by paved highway and rail. The goal is to produce a profitable hub-and-spoke operation of +100,000 oz/yr AuEq or +60 M lbs CuEq by 2023/2024. Because of the existing infrastructure and location, a low capex is anticipated to recommence production. In this interview, Doré Copper Mining’s president and CEO Ernest Mast provides an overview of the company’s investment value proposition, describes why the company is undervalued and explains the plans for 2021.
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0:00 Introduction
1:18 History of Dore Copper Mining
3:11 Hub-and-spoke high-grade gold and copper redevelopment opportunity
4:29 Current historic and NI43-101 gold and copper resource
5:35 Any fatal flaws or legacy issues with projects?
6:18 Any royalties or financial encumbrances on projects?
7:11 Capex needed to restart Copper Rand mill
8:30 Tailings facility has 8.0 Mt capacity left
9:28 Capex need to recommence production
11:02 Copper Rand Deposit
11:44 Corner Bay Deposit
13:11 Cedar Bay Deposit
15:40 Low-cost drilling year-round
16:38 Joe Mann Deposit
19:14 Current drill program and catalysts
20:28 Possible expedited PFS and FS
21:07 Production goal 2023/2024
21:33 Share structure and key investors
23:23 Key investors might provide needed capex
23:52 Treasury, burn rate and financing