fundamentalsr strong for ncu. But there is a technical in play. That is price and volume.
Yesterdays volume was over double average with price up again. 12 cents is 100% above bottom. One could conclude that it could regap at that much movement. Other than half peny to one penny quick dips, I am confident.
We r headed to 300 million pounds copper per day in 2 years. That is about 6 times the current mill capacity. The resource is probable and will likely b proven this summer. Ncu will b drilling like crazy this winter and spring with good news flowing steadily.
Copper is at 4.50 cad currently. If my suspicions r correct and ncu is retaining a nice gold portion against c1 on full ramp of 55 million pounds per year copper, ncu could be pouring 150 million free cads.
Without the open pit insitiu value, the eps multiplier should give us a buck a share. Add the insitiu for 2 bucks. Do the math on higher copper.
But what about this year. I think easy peasy to16 cent rapid rise.
By spring 50 cents.
My best guess.
nf