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Nevada Copper Corp T.NCU


Primary Symbol: NEVDQ

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.


GREY:NEVDQ - Post by User

Post by bogfiton Feb 01, 2024 3:30pm
98 Views
Post# 35857907

"huge defaults on the horizon" or why I like gold.

"huge defaults on the horizon" or why I like gold.Regional bank stocks are feeling the bite of the unfurling commercial property crisis in a rout that's giving SVB-collapse flashbacks.

Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo.

Regional banks are a lot more exposed and vulnerable to commercial real estate loans.

Plummeting regional bank stocks are giving investors dj vu, but the underlying problem this time around is the commercial property crisis.
 
On Wednesday, the KBW Nasdaq Regional Bank index saw its worst day since the collapse of Silicon Valley Bank in March, ending the day down by 6%. The decline was led by New York Bancorp, which tumbled nearly 40% on Wednesday after posting a fourth-quarter loss of $260 million due to of sour commercial real estate loans.

US property losses also sent Tokyo-based Agora bank tumbling 20%, Bloomberg reported. And Deutsche Bank AG in Europe is quadrupling its provisions, or which is money set aside to anticipate future losses, to $123 million. Even New York Bancorp set aside a huge chunk of its $552 million provisions for its commercial real estate portfolio.
 
The mayhem in regional banks reflects the malaise that has gripped America's commercial property sector, which has a $2.2 trillion mountain of debt due in 2027. Real estate experts have called the market a "slow moving train wreck" with a possible $700 billion default looming on the horizon.
 
 
 A commercial real estate crash is unfolding, and regional banks are feeling the pain (msn.com)
 
b.


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