Last month, we met Canadian Mining Hall of Famer Bob Dickinson and Amarc Resources President and CEO Diane Nicolson in Vancouver to learn about Amarc’s emerging IKE copper porphyry district discovery in BC.
The veteran mine builder Dickinson had recently lent $1 million to Amarc and was very enthusiastic for its prospects of finding Canada’s next copper mining district. A fall 2014 drill-program had turned up copper values similar to operating mines in BC over what looks to be a massive area.
The duo have since been working to tell the IKE discovery story to Canada’s mining community, and investors are beginning to respond, with shares in Amarc up over 50% in the past month alone, reaching a high of $0.18 yesterday (last at $0.155 at press time).
Yesterday, Mr. Dickinson gave credit to the PDAC conference for helping find an outlet for Amarc’s story, commenting by email:
“PDAC enabled Amarc to present its new IKE porphyry copper-molybdenum deposit and district discovery in BC to the Canadian mining industry. Feedback from technical participants and the growing market trading activity in shares of Amarc suggests that the industry is beginning to understand the importance of IKE and its similarities to the entire Highland Valley district. Amarc, which is an HDI operated company, is fully committed to moving its exciting discovery up the Lassonde value creation curve.”
Investors are now waiting for the company’s 2015 exploration plans, as well as a possible equity raise or joint venture so they can do a bigger program. In our meeting, Dickinson was adamant any raise or joint venture would be at a substantial higher value to the then share price.
Here’s the company’s Feb 28 corporate presentation.
Do your own due diligence.