Nevada Copper Corp T.NCU

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

Metals & Mining Copper

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.

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Nevada Copper Corp > just a ?

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Comment by mckayk3on Jun 18, 2024 12:41pm

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RE:RE:RE:RE:RE:RE:just a ?

Read Q1 MDA. Nothing on pumps. The only risk is the ramp up cost, which is has been clearly stated as normal costs.

the liquidity concerns are largely due to the delays in ramp up and the rolling debt obligations which make the cash flow negative.

Its a financial question now, who wants to pony up and consolidate all the debt and take on the project to completion?

If you ask me I think there was a lot of disagreement along the existing shareholders and future lenders on the right level of compensation. Hence they pulled the trigger for chp 11 to ensure fair value.

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