GREY:NEVDQ - Post by User
Comment by
nofluffon Oct 17, 2020 12:21pm
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Post# 31734369
RE:and warrants
RE:and warrantsMy guess is that those leaving r done selling. Looks like both shares and warrants have stablized. Still no date 4 q3 release.
As expected, it will b brutal looking. I am looking at asset value verses share cap plus debt. With an underground and open pit, both higrade and permitted I value ncu well. There nearby deposits look highly likely 2 b very economical.
The new stope plan should b value added quickly. I believe ncu has invested about 700 million on the property so far. Market is paying 300 million for that.
By second q ncu should b producing guidance of 75 thousand pounds copper per day for 200 thousand cads ebitda per day. About 75 million per year if copper stayed at 3.00. That is a nickle per year per share per year. With a positive study on the big hi grade open pit and good results on proving new property finds and expected price increases in copper, I expect a quick run 2 50 cents. Then steady up.
My buy a little and hope it goes down formula worked again:)) Now it needs 2 go up.
nf