Analysts' Ideas of the Week
Gold-Copper Junior Surges 47% WoW, Plus Biotech and Gold Producer Updates
ByFRC Analysts
Disclosure: Articles and research coverage are paid for and commissioned by issuers. See the bottom for other important disclosures, rating, and risk definitions, and specific information.
Highlights
In this edition, we analyze the performance of our top picks, including a gold-copper junior, whose shares rose 47% last week. We also highlight key updates from a biotech, and a junior gold producer under coverage.
- Gain insights into companies under coverage that experienced significant developments last week, along with our analysts' commentary and actionable takeaways.
- FRC top picks and standout performers from the past week
PR Title: Enters into another agreement to process ore at its Burnakura mill in Australia
Analyst Opinion: Positive – This is the second such agreement signed by MMY this month. The latest announcement relates to a collaboration with Odyssey Gold Limited (ASX: ODY | MCAP: A$13M) to potentially process ore from the Tuckanarra gold project at MMY’s Burnakura mill, located 40 km away. Tuckanarra is an 80:20 joint venture between Odyssey and MMY, with MMY holding a 20% free-carried interest until a production decision. This project hosts 407 Koz of gold, grading 2.45 g/t. Earlier this month, MMY announced a similar agreement with Great Boulder Resources (ASX: GBR | MCAP: A$55M) to potentially process ore from GBR’s Side Well gold project, located 48 km from the Burnakura mill. Although both Tuckanarra and Side Well are in the exploration/development stage, these preliminary agreements, if converted into definitive toll milling arrangements, could provide MMY with a faster and more cost-effective path to stable cash flows. We anticipate record revenue and production this year from the company’s flagship Selinsing gold mine in Malaysia.
