RE:Will copper go to $5.50 by year end? NCU >>>Rockhound3... I see now you are still watching NCU.
Do you want in on the free trip (at 75 cents Y/E?)
Cheers,
Notgnu
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This is a FREE trip that will be paid for by SNgu8000 and Notgnu for NCU at $0.75 or above on Dec 30, 2021.
Date of trip: Sometime in February to late April 2022
Destination: Default is Reno but really anywhere USA is okay including Hawaii (to be determined in early January, 2022.
Other contributors are welcome to pledge funds so we can continue to add guests
So far we have (listed in order of response) and this covers about $20,000 max expense at the first target level ($0.75 to $1.00.) Others are welcome to respond. There may be a budget for more if A) we hit more than $1.00, B) other contributors come forth C) any existing invitees decide to drop out.
Confirmed
Maybe
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Westcoast-
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Aurens-
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Scmoby
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Newtrader-
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konrad
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dvdturk-
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Newstock44-
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betteryear
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Ronnie420
Note: I have PM’d the above with my phone number and LinkedIn and E-mail
Please reply YES, or NO if you are on the list.
| Contributor | $0.75 to $1.00 | $1.00 to $1.50 | $1.51 to $2.00 | $2.01 to $2.50 | $2.51 to $3.00 |
| Notgnu | $10,000 | $15,000 | $20,000 | $25,000 | $30,000 |
| SNgu8000 | $10,000 | $!5,000 | $20,000 | $25,000 | $30,000 |
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| Total budget | $20,000 | $30,000 | $40,000 | $50,000 | $60,000 |
Budget provided to you:
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$2,500 CAD for singles or $3,000 with a partner, spouse or other guest
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Use as the funds as you wish to cover flights, accommodation, entertainment, meals
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Funds remaining are to be donated to food-banks or?
Guest list based on recent posting and general interest in NCU (subject to updates from time to time)
| marketsense | new3inv |
| Arbourmark | ZouZS3 |
| Paramount | newinvestoor |
| patchh | Paper01 |
| hainholz | Elgounakid |
| lumpy13 | rockhound3 |
Notgnu wrote: If we get $5.50 copper and we get confirmation of steady state production of 5,000 tons per day from underground then what?
$5.50 mius $1.86 AISC (all-in sustaining cost) = $3.64 per pound cash-flow
$3.64 X 60 million pounds (underground) per year = $218 million per year
Apply an 8 X multiple and get $1.74 billion,
Divide $1.74 billion by say 2 billion shares and get $0.87 USD per share
Converted to CAD = $1.08 per share
Add the value of the future 70,000 tpd open pit asset to the $1.08 per share using $5.50 copper and get 220 million pounds per year at $3.50 ($5.50 minus $2.00 AISC) X an 8 multiple = $6.16 billion
Take $6.16 billion and remove $2 billion (a big over estimate) for the cost to build the open pit and get $4.16 billion. Divide this amount by 2.3 billion shares and get $1.81 USD per share which equals $2.31 CAD per share.
Take the open pit value of $2.31 (at $5.50 copper) at divide it by 2 because no one wants to pay for it's value and get about $1.14 per share.
Add $1.08 per share plus the $1.14 per share = $2.22 per share.
So, if you were Pala and copper were to be $5.50 at the end of the year, you probably would not even want to talk to a buyer for less than $2.22 per share in that case
Cheers,
Notgnu