RE:nevada copper branches out into carbon creditsIt is nevada canyon roy. Nothing to do much with ncu. The presentation was good. But debt is debt. They have 190 million of that stuff. So net debt about 130 million. Mc about 300 million. That is way over 2 to 1. Banks r usually happy with 1 to 1. So ncu sits pretty there.
There npv to mc ratio is also by far the best in the world. Apples to apples, they should b trading at 5.00 right now. Only 700 million to do op.
Drilling to start soon. It would b nice to here production update and fan progress.
nf