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Nevada Copper Corp T.NCU

Alternate Symbol(s):  NEVDQ | T.NCU.WT.C

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


TSX:NCU - Post by User

Comment by bogfiton May 21, 2023 11:07am
103 Views
Post# 35458383

RE:RE:RE:Question about January 25, 2022 Special Meeting

RE:RE:RE:Question about January 25, 2022 Special Meeting"You want me to sit back and watch ..."
 
LOL I really couldn’t' care what you do!  Goodness!  What part of me not owning NCU don’t you understand?  I don’t care what you do, I just believe that you realize that you made a huge MISTAKE in expecting this stock to appreciate over the short-term.

We can have different opinions on stock behavior and price movement, that said, I again as I have constantly posted, that a one-trick pony START-UP by a company without an established record of mine building.  IMO the risk this investment rates an “11” on a scale of 1 to 10.  Now growing up in Nevada and alongside gambling, taking a risk isn’t exactly a new or strange behavior.  You want to gamble? Okay, just don’t go around blaming others for your own bad judgement or bad luck.  It’s called taking responsibility for your own decisions.

How can we be surprised when Pala finds that their game plan of selling the fully permitted OP project to a major producer fell apart after being held up by Republicans in the congress until the commodity bust broke copper down from its US$4.50 high.  No one can say for certain what any alternate opportunities would have been possible if Nevada Copper had the Land Swap bill passed a year earlier.   As it was with the drop in copper prices and uncertainty in the market, no doubt majors were inhibited from expanding operations and taking on more debt.

You see Pala never meant to build or operate the mine.  They just wanted to do the paper work (permits/land swap) and then flip for a quick profit.  They didn’t have a clue on how to build the mine nor had the financial resources needed when faced with setbacks and delays without repeatedly diluting stock and adding debt.

BTW – Did our new contractor demand pay up front?
 
b.


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