NGEx Minerals Share Price Soars 19% Amid Positive Drill Results

NGEx Minerals (TSX:NGEX) has seen its share price rise to CA$28.91, with a 30-day return of 19.61% and a one-year total shareholder return of 50.48%, following fresh Phase 4 drill results at the Lunahuasi copper gold silver project.

The company's planned Valle Ancho spin out could significantly change investors' perceptions of its asset mix.

According to RockeTeller, NGEx Minerals is currently undervalued by around 30% based on its fair value estimate of CA$41 per share.

This valuation is not based on near-term cash flow but rather on the scarcity and quality of its assets, particularly Lunahuasi and Los Helados.