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Nuveen California Municipal Value Fund Inc T.NCA


Primary Symbol: NCA

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NCA - Post by User

Post by Oyveyon Mar 09, 2017 8:12pm
121 Views
Post# 25960847

I don't think I've seen slide 12 before now but I like it

I don't think I've seen slide 12 before now but I like itparticularly hole 741 : 16 grams over 165 meters.
In fact I like all of those holes. 
That's why this project is so interesting to me because in my view any system that can produce as many good holes as this system has must have had a very robust heat engine which should have produced many more OZ. of gold than we've found so far. And I'm not talking about a halo of gold @ .6 grams although that's fine too but I'm talking about another blob like the higher grade stuff we mined early on which was 2 Million tons at around 4 grams or 270,000 oz.
That shouldn't be difficult to do, it's not a massive quantity of gold and it's not like we require hundreds of acres of property but that 270,000 oz. of high grade is the game changer that would really get us going. That gold would guarantee a mine with a very rapid payback and the rest could be piled on at virtually no cost and would spew out money for 30 or 40 or maybe even 50 years.
One decent stepout hole could do it !

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