The copper sector has always attracted considerable interest from investors and every other day; they are on the lookout for new companies that might be worth following.
One company from the sector that investors could consider looking into at this point in time is Bam Bam Resources Corp (OTCMKTS:NPEZF). The company is involved in the acquisition, development, and exploration of copper properties. Bam Bam Resources has chosen this line of business as a response to the rising demand for copper in the fast-growing electric vehicle industry. Hence, a degree of optimism about the company among experts is perhaps understandable.
Bam Bam Resources is mainly focused on copper properties producing high-grade copper in different parts of North America and at this point in time, the company is fully focused on building up a strong portfolio of copper properties.
The most important copper project that Bam Bam Resources is currently involved with is the one at Majuba Hill. It has been suggested that the climate, the physical location and the property access are all highly favorable. While it is true that the property is away from large population concentrations, it should also be remembered that it does not lie in the wilderness.
The property is located 113 kilometres southwest of Winnemucca in Nevada and 251 kilometres northeast of the city of Reno. However, at the same time, it is necessary to remember that the Majuba Hill property is easily accessible by road and the nearest supply centre is situated at Winnemucca.
The highways that connect the property to the nearby cities are perfect for the transportation of heavy mining equipment and hence, it is unlikely that Bam Bam Resources is going to experience logistical problems at this property. The property is regarded as a porphyry copper-silver project and has a favorable history of production.
Market Action:
Shares of NPEZF are up 13.63% by the late morning session on Monday with 335K shares traded hands, compare to its average volume of 230K shares.
