GREY:NEVDQ - Post by User
Comment by
nofluffon Aug 31, 2020 10:58am
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Post# 31479167
RE:At copper prices now
RE:At copper prices nowBig up 4 sure. Ncu thought they had it timed perfect and they did. Covid changed things big. They wisely stopped giving metal away 4 nothing and spent there time and money finishing the project. This model at 3.00 plus should give 5 times the annual profit the old model was.
I am looking for an announcement of 50% ramp up. Milling 5 thousand tonnes per day of lower grade developement ore.
25 pounds per tonne recovery. 125 thousand pounds times 3.00 for 375 thousand dollars gross u.s. 450 thousand cads per day.
Then in october, 10 thousand tonnes at 40 pounds recovery times 4.00 for 1.5 million u.s. or 2 million cads per day.
Perhaps debt free 2021. Five hundred million cad profit is about 35 cent eps for a 7.00 sp. That is a 50 bagger or if doing warrants 500 bagger.
Have not even included the 10 times resource expansion or the real possibility of 10.00 copper
nf