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Nevada Copper Corp T.NCU

Alternate Symbol(s):  T.NCU.WT.C | 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.


TSX:NCU - Post by User

Post by quinlashon May 15, 2024 10:32am
88 Views
Post# 36041024

RE:RE:RE:NCU

RE:RE:RE:NCUCopper Spot prices are trending over the 52 week high as copper supply is now being reported as low.  YouTube actually has some decent videos on the subject if you search "Copper Price".

NCU is online and producing ore.  That ore is now being sold at (or over) these 52 week highs.

The challenge faced at the moment is funding to bring the rest of the mine online and to get the underground crusher online.  They have an above-ground crusher up and running so the additional crusher will help increase to mine to full nameplate production.

Funding for the additional work has been reported as needing external / additional funding and the mine operators are seeking that funding.  Pala may / may not be open to providing the funds but this has yet to be seen.  

If copper spot price should remain high or continue to trend higher as projected then the additional funding may simply come from the partial operation of the mine without the need for external funding.  This may take awhile but may also work in conjunction with external funding if the operation can off-set the amount of external funds needed by it's sale of ore.




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