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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

Comment by bogfiton Feb 01, 2024 3:38pm
69 Views
Post# 35857926

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

RE:"huge defaults on the horizon" or why I like gold."Last month, researchers from four top universities predicted that the default rate on commercial real estate could rise as high as 20%, which they estimated would land US banks with $160 billion worth of losses."

New York Community Bancorp's stock closed down 38% after posting a loss of $260 million for the last three months of 2023, which it blamed on sour commercial real estate loans.

The KBW Nasdaq Regional Banking index, which tracks the share prices of smaller lenders, fell 6% for its worst day since SVB imploded after declaring massive losses from its bond portfolio. That sparked a bank run."

Banking turmoil fears return after New York Community Bancorp stock plunges 38% (msn.com)


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