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Nevada Copper Corp T.NCU

Alternate Symbol(s):  T.NCU.WT.C | 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.


TSX:NCU - Post by User

Nevada Copper Corp > Needing info on warrants
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Comment by Notgnuon Mar 13, 2021 12:24pm
140 Views
Post# 32792927

RE:RE:RE:Needing info on warrants

RE:RE:RE:Needing info on warrantsFrom the news release:

"Each Warrant will be exercisable for one Common Share (each a “ Warrant Share ”) at a price of $0.22 per Warrant Share at any time for a period of 18 months following closing of the Offering."

Each A warrants are basically an option to purchase 1 share at 22 cents up and until mid 2022. if you do not buy the share the warrants expire value-less. If, on the other hand let's say, NCU is at  $1.00 at that time your warrant and excersize would work out to 22 + 6 cents (at today's warrant price) for a total of 27 cents.

Therefore $1.00 minus 27 cents = 73 cents which is about a 12 X return on your warrant purchase (12 x 6 cents = 72 cents) wheras the share would have given a 6 X return (6 x 18 cents = 98 cents)

N.

ZouZS3 wrote:
I've been buying regular shares but I'm trying to understand how warrants work. Would anyone mind explaining please. I see that WTA is at 0.06 so what is the next step If I buy 10k shares of WTA ? Thanks much appreciated


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