FULL DISCLOSURE: Nord Precious Metals is a sponsor of theDeepDive.ca.
In this interview, Frank Basa, Chairman and CEO of Nord Precious Metals (TSXV: NTH), walks through what makes their high-grade silver resource special and explains why they have the only mill in the world that can actually process cobalt camp ore. He’s targeting a production restart as early as next summer and thinks their approach could work well in today’s market.
Frank breaks down how their small, high-grade operation is designed to generate strong cash flow and why getting cobalt as a byproduct makes the economics even better. It’s an interesting look at how a simple, cost-efficient model might actually have some real advantages in the current environment.
FULL DISCLOSURE: Nord Precious Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Nord Precious Metals. The author has been compensated to cover Nord Precious Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.