GREY:NEVDQ - Post by User
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Notgnuon May 06, 2021 2:01pm
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RE:NEVADA COPPER CORP - PROJECT PROGRESS MAKES THE COURSE RUN
RE:NEVADA COPPER CORP - PROJECT PROGRESS MAKES THE COURSE RUN Excellent cnfirmation. Thanks
N.
hainholz wrote:
NEVADA COPPER CORP - PROJECT PROGRESS MAKES THE COURSE RUN 50% Underground production problems have depressed copper producer Nevada Copper for many weeks. On April 21, when the company reported significant progress and confirmed the production target, the price jumped within a few days, taking the shares to a 52-week high of $ 0.26. The share is currently trading slightly below this level. In the last few days, the paper has been among the TOP 25 by trading volume on the home exchange TSX-V. Even after the price jump, the Canadians are still not too expensive with a market value of around CAD 470 million. Investor interest is currently focused on the Pumpkin Hollow Copper Project in the US state of Nevada, which has considerable reserves and resources of copper, gold and silver. In addition to the ongoing high-grade production in the underground mine, an open pit project is in the development stage and on the way to a feasibility study. In the past few months there have been several unplanned shutdowns in underground production, which postponed the company's goal of processing 5,000 tons of ore per day. Apparently the investor community was skeptical that this production target, as promised by the company, could be achieved in Q3. However, in late April, Nevada Copper allayed those fears. In March, the company achieved a weekly mill throughput of 4,700 tons of ore per day and a maximum daily mill throughput of 5,000 tons. In addition, the concentrate content has risen further. Investors rewarded this news with a jump in price. The significant increase in production from Q3 should bring the company high profits at current copper prices. In our opinion, advances in open pit mining or exploring new zones will also allow the stock to perform well. In general, the framework conditions for industrial metals and copper producers remain good. Source: https://www.kapitalerhoehungen.de/kommentare/byd-nevada-copp…