Why I buy NCU >>> Some of the reasons that I own NCU:
Nevada, USA. A stable jurisdiction vs Africa and South America
Future open pits have gold and silver credits not pre sold in any stream deal
Future open pits are already fully permitted to allow 70,000 tpd production
A possible 100,000 tpd open pit mine was recently proposed
Copper is beyond the $3.20 price assumptions in the NI-43-101
Underground capacity of 6,500 tpd sometime later in 2022
Partial commercial copper production about 3,000 tpd around early 2022
Full 5,000 tpd in H2 2022
Covid uncertainty significantly decreased with vaccines programs
No insider selling for 10 yrs despite past issues
Banks lending at reasonable rates
Some experienced labour available locally
A share consolidation of 10:1 completed mid 2021
Expansion drilling will add decades more resources to the already large resources
Potential risks include:
Problems with the mine plan leading to more cost (example: the dike crossing)
Copper price dropping a lot
Mine accidents
Another Covid shut down
Cost to build the mine is about $10m to $13m per month and this needs to be financed which does add some more debt until production over 3000 tpd