Nevada Copper Corp T.NCU

Copper Mine?

[mckayk3]

Hell there is enough hurt on this board to open a salt mine.

The update is bad news but is it the end of the world?  Does anyone remember the situation nearly two years ago?  It was a disaster... massive work to do... massive funding to raise... delays, uncertainty etc.

Are we worst off today than two years ago?  Absolutely not. 

The update suggests the issues have been resolved but not without burning through the funding.  The principle shareholder "Pala" would see and know this ahead of time.  This type of CapEx diversion of spending can't be done without board approval.  Pala gave the OK - probably with confidence they can supplement it.  Why else would they spend?  If there was a true crisis, they'd suspend operations and immediately go to raise new capital. 

That has not happened so I don't think we're in trouble.


The new share price sucks but honestly I'm a buyer.  This now has insane value.  If you can't see that then simply don't invest.

[nofluff]

Good anaysis Mack. They were fortunate to have the pumps in place. They were short on surface transfer system. Now it is in place. Hoisting is good. The big thing is the mill tails. Sounds like they have it coming. Equipment is funny. Some equip. can be run at max and it loves the work. Other equip. can only be run at 75% max. or it fails. It would appear that is the case with much of the tails