Wojtek Wodzicki, the President/CEO of NGEx Resources Inc., (NGQ), said at the Denver Gold Forum in Denver, Colorado that an anticipated supply gap in the world’s copper supply will start in 2017.
Because large copper deposits are rare, difficult to find, and take a long time to develop, Wodzicki claimed that existing projects are the only hope to develop in time to fill the anticipated supply gap.
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NGEx Resources is a Canadian mineral exploration company with a focus on copper-gold, which is hosted within iron oxide gangue assemblages. The ore can contain concentrations of copper, gold and uranium ores, as well as bismuth and rare earth metals.
NGEx Resources has projects in Chile (Los Helados) and Argentina (Josemaria) with Filo del Sol straddling the Argentine/Chilean border. Wodzicki claims the company assets include one of the largest copper deposits in the world, and claims some of the largest new discoveries of the mineral in the last decade.
Wojtek Wodzicki had an aggressive title for the NGEx Resources (NGQ) presentation at the Denver Gold Forum: “No Guts, No Glory,” reflecting the company’s push for new discoveries. The non-major, non-state-owned company has $34 million Canadian in cash, with a market cap a of Sept. 2014 to $362 million in Canadian dollars.
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