{"id":21138,"date":"2020-02-18T16:50:50","date_gmt":"2020-02-18T21:50:50","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=21138"},"modified":"2020-02-21T08:55:17","modified_gmt":"2020-02-21T13:55:17","slug":"copper-mountain-cmmc-reports-2019-year-end-financials","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/","title":{"rendered":"Copper Mountain (CMMC) Reports 2019 Year End Financials – Catalysts Visible"},"content":{"rendered":"

Copper Mountain<\/strong> (TSX: CMMC) reported Q4 financial results and provided 2020 production guidance. While the reaction has been muted, we believe this copper miner has substantial long-term potential.<\/p>\n

For unfamiliar investors, Copper Mountain<\/a> is a mid-tier copper miner with assets in Canada and Australia. While copper is their primary metal, they also produce small amounts of gold and silver.<\/p>\n

Their primary asset is the Copper Mountain copper mine in British Columbia, in which they hold a 75% ownership stake. They are also developing the Eva Copper project in Australia, which is due for an updated feasibility study in 2020 Q1.<\/p>\n

Our Take<\/h2>\n

From an investment perspective, Copper Mountain meets two important criteria:<\/p>\n

    \n
  1. Cheap on a P\/NAV basis<\/li>\n
  2. Assets in safe jurisdictions (Canada, Australia)<\/li>\n<\/ol>\n

    Looking at their peers, they are the cheapest mid-tier copper miner with a P\/NAV of 0.23x.<\/p>\n

    Price to NAV<\/h4>\n
    \"\"
    Source: Company Filings, Capital 10X Estimates. *Sierra Metals generates approximately 50% of revenue from Copper, with significant Silver (23%) and Zinc components.<\/figcaption><\/figure>\n

    Their biggest detractor, substantial debt on the balance sheet, could translate to an excellent leveraged play on rising copper prices over the medium to long term.<\/p>\n

    Given the recent softness in the pricing of copper miners, this could be an excellent opportunity to build a position to capitalize on the medium to long term growth in the copper price.<\/div>\n

    Admittedly, 2020 copper prices are unclear at this time given the unknown effects of the coronavirus and the uncertainty in global growth this has created. However, the long-term structural factors for the increase in copper price<\/a> remain. Electrification on a global scale will generate a meaningful supply deficit for copper<\/a>.<\/p>\n

    Given the recent softness in the pricing of copper miners, this could be an excellent opportunity to build a position to capitalize on the medium to long term growth in the copper price.<\/p>\n

    With the debt due in portions spit across 2020-2023, Copper Mountain should realize the benefits of increased copper pricing, creating an investment opportunity with significant torque.<\/p>\n

    Looking more closely at their assets, CMMC updated reserves and resources for their Copper Mountain mine in the quarter, with increases of 12% and 9%. However, on the year, mine life was increased from 17 years to 31 years on the back of a 127% increase in reserves.<\/p>\n

    Their Eva Project in Australia also saw increased resources in the quarter and an updated feasibility study for the project is expected in 2020 Q1.<\/p>\n

    Looking at guidance, the company is guiding to nearly a 25% increase in copper equivalent production at the mid-point. Costs are being guided significantly lower year over year.<\/p>\n

    As we progress through 2020, investors should watch closely for signs that execution is progressing as expected. If costs remain on track, this will be an excellent sign for CMMC.<\/p>\n

    Further, they are expanding mill throughput from 40,000 tpd to 45,000 tpd and increasing recoveries, which should help improve mine economics. However, the benefits likely won’t be realized until 2021.<\/p>\n

    Overall, we like the catalysts on the horizon for Copper Mountain. While operational performance has been challenged recently, management is indicating there are brighter days ahead.<\/p>\n

    The debt on their balance sheet is concerning, however, we believe this creates a solid leveraged play in long-term copper strength. Notably, this does make CMMC a more risky investment whose stock price more closely tracks that of copper.<\/p>\n

    On a positive note, additional colour provided by management during the conference call de-risked some of the debt.<\/p>\n

    The term loan portion of their long-term debt is guaranteed by Mitsubishi with an agreement in place for Mitsubishi to cover upcoming payments, reducing the burden on CMMC. Further, the short-term notes with Mitsubishi (now converted to long-term debt) are very flexible, where payments will be made only when mine cash is flowing.<\/p>\n

    As 2020 progresses and the company demonstrates they can execute on their guidance, Copper Mountain could become a very attractive investment.<\/p>\n

    Operational and Financial Results<\/h2>\n

    On a year-over-year basis, Copper Mountain saw copper production decrease 10% to 71.95 Mlb as the company worked through low-grade zones. Gold and Silver production saw a slightly smaller decrease year over year.<\/p>\n

    2019 Cash costs ($1.92\/lb) and AISC ($2.06\/lb) were notably higher in Q4 and 2019 than 2018 ($1.77\/lb, $1.94\/lb) due to higher unit costs from reduced grade and mine developments. Looking forward, CMMC is guiding to cash costs of $1.375\/lb and $1.50\/lb at the midpoint for 2020.<\/p>\n

    Looking at the financials, Copper Mountain generated $288.5 million in revenue in 2019 compared to $296 million in 2018 (3% decrease). The stronger revenue generation (relatively, compared to production) was due in part to stronger gold prices.<\/p>\n

    On the year, CMMC generated $25 million in gross profit and $30.4 in adjusted EBITDA, led largely by strong operating performance in 2019 Q1. The net loss on the year was -$25.9 million, driven by the one-time $48.7 stockpile write-down.<\/p>\n

    Looking at balance sheet health, Copper Mountain is sitting with $32.1 million in cash. On the year, their net CFO was $51.2 million, with a CFI of -$47.6 million.<\/p>\n

    While they had working capital of -$112 million, subsequent to year-end, $101 million was moved from a current liability into long-term debt. The lender, Mitsubishi Materials Corporation (owner of the remaining 25% stake in Copper Mountain), agreed to extend the notes to June of 2023. This leaves CMMC with working capital of -$11.1 million.<\/p>\n

    While the CMMC did record a stockpile write-down of $48.8 million, this was due do the movement of low-grade stockpiled to 2038. After releasing the reserve and resource update, the company was required to adjust the value of the stockpile on a time-value basis, resulting in the one-time write down.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.<\/p>\n","protected":false},"author":6,"featured_media":17306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[1526,208,1525,188,299,859,146],"class_list":{"0":"post-21138","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-metals","8":"tag-cmmc","9":"tag-company-news","10":"tag-copper-mountain","11":"tag-earnings","12":"tag-guidance","13":"tag-metals","14":"tag-mining"},"acf":[],"yoast_head":"\nCopper Mountain (CMMC) Reports 2019 Year End Financials - Catalysts Visible | Capital 10X<\/title>\n<meta name=\"description\" content=\"Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Copper Mountain (CMMC) Reports 2019 Year End Financials - Catalysts Visible | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital 10X\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-18T21:50:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-21T13:55:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evan Veryard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capital10x\" \/>\n<meta name=\"twitter:site\" content=\"@capital10x\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evan Veryard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\"},\"author\":{\"name\":\"Evan Veryard\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/db8d6c00427de82946dc7383ee6ddf3f\"},\"headline\":\"Copper Mountain (CMMC) Reports 2019 Year End Financials – Catalysts Visible\",\"datePublished\":\"2020-02-18T21:50:50+00:00\",\"dateModified\":\"2020-02-21T13:55:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\"},\"wordCount\":929,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg\",\"keywords\":[\"CMMC\",\"Company News\",\"Copper Mountain\",\"Earnings\",\"Guidance\",\"Metals\",\"Mining\"],\"articleSection\":[\"Metals\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\",\"url\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\",\"name\":\"Copper Mountain (CMMC) Reports 2019 Year End Financials - Catalysts Visible | Capital 10X\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg\",\"datePublished\":\"2020-02-18T21:50:50+00:00\",\"dateModified\":\"2020-02-21T13:55:17+00:00\",\"description\":\"Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.\",\"breadcrumb\":{\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage\",\"url\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg\",\"contentUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg\",\"width\":1400,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/capital10x.com\/old\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Metals\",\"item\":\"https:\/\/capital10x.com\/old\/metals\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Copper Mountain (CMMC) Reports 2019 Year End Financials – Catalysts Visible\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/capital10x.com\/old\/#website\",\"url\":\"https:\/\/capital10x.com\/old\/\",\"name\":\"Capital 10X\",\"description\":\"Identifying 10X Investment Opportunities\",\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/capital10x.com\/old\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/capital10x.com\/old\/#organization\",\"name\":\"Capital 10X\",\"url\":\"https:\/\/capital10x.com\/old\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png\",\"contentUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png\",\"width\":128,\"height\":90,\"caption\":\"Capital 10X\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Capital10x\/\",\"https:\/\/x.com\/capital10x\",\"https:\/\/www.instagram.com\/capital10x\",\"https:\/\/www.linkedin.com\/company\/capital10x\/\",\"https:\/\/www.pinterest.com\/capital10x\",\"https:\/\/www.youtube.com\/Capital10X\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/db8d6c00427de82946dc7383ee6ddf3f\",\"name\":\"Evan Veryard\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/75bfae72bd638a22a5aff711208e96f81a7126f6fb37a6841084ba4253b7302d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/75bfae72bd638a22a5aff711208e96f81a7126f6fb37a6841084ba4253b7302d?s=96&d=mm&r=g\",\"caption\":\"Evan Veryard\"},\"description\":\"Evan Veryard has a Bachelor's of Chemical Engineering from McGill University and a MaSc. of Chemical Engineering from RMC. He has over 6 years of research experience focusing on industrial materials. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/evanveryard\/\"],\"url\":\"https:\/\/capital10x.com\/old\/author\/evan\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Copper Mountain (CMMC) Reports 2019 Year End Financials - Catalysts Visible | Capital 10X","description":"Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/","og_locale":"en_US","og_type":"article","og_title":"Copper Mountain (CMMC) Reports 2019 Year End Financials - Catalysts Visible | Capital 10X","og_description":"Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.","og_url":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/","og_site_name":"Capital 10X","article_publisher":"https:\/\/www.facebook.com\/Capital10x\/","article_published_time":"2020-02-18T21:50:50+00:00","article_modified_time":"2020-02-21T13:55:17+00:00","og_image":[{"width":1400,"height":600,"url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg","type":"image\/jpeg"}],"author":"Evan Veryard","twitter_card":"summary_large_image","twitter_creator":"@capital10x","twitter_site":"@capital10x","twitter_misc":{"Written by":"Evan Veryard","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#article","isPartOf":{"@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/"},"author":{"name":"Evan Veryard","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/db8d6c00427de82946dc7383ee6ddf3f"},"headline":"Copper Mountain (CMMC) Reports 2019 Year End Financials – Catalysts Visible","datePublished":"2020-02-18T21:50:50+00:00","dateModified":"2020-02-21T13:55:17+00:00","mainEntityOfPage":{"@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/"},"wordCount":929,"commentCount":0,"publisher":{"@id":"https:\/\/capital10x.com\/old\/#organization"},"image":{"@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage"},"thumbnailUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg","keywords":["CMMC","Company News","Copper Mountain","Earnings","Guidance","Metals","Mining"],"articleSection":["Metals"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/capital10x.com\/old\/#organization"}},{"@type":"WebPage","@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/","url":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/","name":"Copper Mountain (CMMC) Reports 2019 Year End Financials - Catalysts Visible | Capital 10X","isPartOf":{"@id":"https:\/\/capital10x.com\/old\/#website"},"primaryImageOfPage":{"@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage"},"image":{"@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage"},"thumbnailUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg","datePublished":"2020-02-18T21:50:50+00:00","dateModified":"2020-02-21T13:55:17+00:00","description":"Copper Mountain (TSX: CMMC) reported year-end financial results and 2020 guidance. While their balance sheet is weighed with debt, catalysts are visible.","breadcrumb":{"@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#primaryimage","url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg","contentUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/07\/mtl-copper-generic-04.jpg","width":1400,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/capital10x.com\/old\/copper-mountain-cmmc-reports-2019-year-end-financials\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/capital10x.com\/old\/"},{"@type":"ListItem","position":2,"name":"Metals","item":"https:\/\/capital10x.com\/old\/metals\/"},{"@type":"ListItem","position":3,"name":"Copper Mountain (CMMC) Reports 2019 Year End Financials – Catalysts Visible"}]},{"@type":"WebSite","@id":"https:\/\/capital10x.com\/old\/#website","url":"https:\/\/capital10x.com\/old\/","name":"Capital 10X","description":"Identifying 10X Investment Opportunities","publisher":{"@id":"https:\/\/capital10x.com\/old\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/capital10x.com\/old\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/capital10x.com\/old\/#organization","name":"Capital 10X","url":"https:\/\/capital10x.com\/old\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/","url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png","contentUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png","width":128,"height":90,"caption":"Capital 10X"},"image":{"@id":"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Capital10x\/","https:\/\/x.com\/capital10x","https:\/\/www.instagram.com\/capital10x","https:\/\/www.linkedin.com\/company\/capital10x\/","https:\/\/www.pinterest.com\/capital10x","https:\/\/www.youtube.com\/Capital10X\/"]},{"@type":"Person","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/db8d6c00427de82946dc7383ee6ddf3f","name":"Evan Veryard","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/75bfae72bd638a22a5aff711208e96f81a7126f6fb37a6841084ba4253b7302d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/75bfae72bd638a22a5aff711208e96f81a7126f6fb37a6841084ba4253b7302d?s=96&d=mm&r=g","caption":"Evan Veryard"},"description":"Evan Veryard has a Bachelor's of Chemical Engineering from McGill University and a MaSc. of Chemical Engineering from RMC. He has over 6 years of research experience focusing on industrial materials. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.","sameAs":["https:\/\/www.linkedin.com\/in\/evanveryard\/"],"url":"https:\/\/capital10x.com\/old\/author\/evan\/"}]}},"_links":{"self":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/21138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/comments?post=21138"}],"version-history":[{"count":0,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/21138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/media\/17306"}],"wp:attachment":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/media?parent=21138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/categories?post=21138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/tags?post=21138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}