Nevada Copper Corp T.NCU.WT.C

Let's keep it simple.

[nofluff]

How did u come up with 40 million in wages, fees and buyouts??

Nf

[KentWilkens]

How? Read page 361 of the court document, all laid out. 42 m actually. 18m left over if all goes well... But that is debt as well, but can be given back. Any idea what total debt of ncu is? As of the end of 2023 anyway? Kw

[nofluff]

U completely lost m kw.  Total debt is about 500 mill cad.   Chpt 11 should stop debt payments. Coming out of 11 means payments due. I think u r really mixed up kw. Time will tell. Nf

[KentWilkens]

I am mixed up, of that i have no doubt... Total debt, 2023 yeat end, 358m Kfw biggest chunk. Again, read the cost disbursement page from court doc, page 361, says where the money goes and when. 42m over 13 weeks, nothing into infrastructure, just wages, buyouts, lease cancels, legal, more legal, loansharks, bamksters... All in a tight little line. I love mining. Remember all the work you did

[patchh]

2023 yeat end, 358m.  on the last MDA that had decrease to 60M$..  thats what elliot is sharking

[nofluff]

Thanks for that kw.     There would b some fees alright. Also 13 weeks of mining and milling would cost about 42 million.   That would leave 18 million for infrastructure. However, there is no concentrate sales there. If mill at nameplate, then deposit is worth a lot. In research, chpt 11 often quickly goes to chpt 7.  But chpt 11 with a dip loan is said to be done

[patchh]

knock it off................................

[RoyKerr]

mar 31 485M post mar 31 TF&Pala provided 8.3M and NCU breeched loan previous loan agreements and agreements with suppliers and contractors, so ~10M est. 60M Elliot loan total 555M

[patchh]

how is that 485 M calculated...  total book declared is around 850M$ asset..  payla converted several of the breach loans to stok..  going from 19% to current (M+P ~! 77%)

[RoyKerr]

485 is the sum of the balance sheet items that would need to be paid before disbursements to shareholders from any sale.  sourced from interm fins dated mar 31 2024. 

[patchh]

Irrevelant !  lets see the mine apprasial thsats transmitted to the court/signed..  there are counter revolutionaries spekeled everywhere on this property - reading tea leaves there are 2 principal finance companies named.  one for a trillion NAV and the other for 66B$

[RoyKerr]

You have to include all classes of claims including things like pension contributions, supplier bills, and short term unsecured financing in the calculations. It isn't just secured long term debt holders, it is all claimants; and that comes to ~485. 

[patchh]

the last MDA had gone from 350M down to 60M$... actual debt finance is around 250M$ - includes the open market buys - private placements and warrant exercises.. lets start there..  begins around page 20 +/-...  its on the EPIC doket.. the entire buy down ends around sept/oct..  around 6M$ is for beagels last colums on page 361 is a payment to the TSX for continued listing w a