Nevada Copper Corp T.NCU

Primary Symbol: 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 > WoW copper at $3.70 >>> Some numbers for fun!

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Comment by Notgnuon Feb 09, 2021 12:30pm

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Post# 32513766

RE:WoW copper at $3.70 >>> Some numbers for fun!

@ hours later and I soon have to update this again :-)))

Copper at $3.72 ++ now.

N.

Notgnu wrote:

Let's say we are soon at 2500 tpd (of 5000 tons per day mill capacity) and the average payable copper is 1.4% copper (after blending and recoveries) = 2,100,000 pounds of copper per month.

The profit (cash-flow) = $751,000 on the first 715,000 pounds (as previously shown) + (1,385,000 pounds X $1.84) profit of $2,548,000 on the not hedged part, for a monthly profit of $3.3 million.

Once past the hedge and producing at 5000 tons per month at 1.8% net copper, we get 5.4 million pounds per month which equals

Gross sales of $20 million per month

Net return of (profit) of $10 million per month = $120 million per year profit

Cheers,
Notgnu