Nevada Copper Corp T.NCU

What risk actually remain now ???

[Notgnu]

It seems to me that the big risks are all but mitigated.

The main owners are in at $.35 to $.40 average and that was with uncertainty of build on the new mill and with copper at a much lower price and with not such a great future demand outlook?

Anyone care to offer the major risks that they see now ???

Cheers,
Notgnu

[Notgnu]

As far as tax loss selling goes we are just on the cusp of a possible 30 day buy-back mode from the big volume sell-off in late October. That should at minimum off-set any other tax sellers coming in and could well be net positive in total buys... just a speculation / guess as always though. N

[fishmillion]

A 20 to 1 share consolidation is needed and probably scheduled in the very near term.. .. otherwise this will continue to look strictly like a penny stock play regardless of fundamentals.. ie. Barely above the pink sheets..... penny shares are inherently high risk

[Notgnu]

Absolutely agree... I have that in my thesis on this stock. Personally I would like to see a minimum of 25 to 1 and better would be 40 to 1. Makes it buyable for instituions and gives margin to a lot of retail traders like myself once it is over $3. N

[Notgnu]

PS ... I think it happens when they resolve the Pala $15m at EOY. N

[nofluff]

There us also risk of paying tax. nf

[Newstock44]

All the fifteen million wasn't used correct? After all this what debt will a 200 million year company owe . On another note you ask what uncertainties we would have . What about COVID-19 I think that's a big one everywhere in this earth. I hear Musk just said no covid in space, cheers 44

[nofluff]

We know how 2 control or stop covid. So not much risk. nf

[Notgnu]

On Covid I'm taking the position (as stated a few days ago) it is a way overblown bad flu and they are having a hard time to walk back the rhetoric now. The PCR tests are caaraap... need to look only at the death rate of people who wer NOT near the edge of the grave (sorry, not sorry.) Plus Nevada ... the land of gambling and mining and f...u... if you try to stop me.... which is what i like

[fishmillion]

The risk is they are a cash strapped company... it looks like the got a bit of breathing room.... but one hiccup and they are in trouble again.... one mine companies with low cash is huge risk.... it just got pala off its back for a bit

[lumpy13]

Actually the stock could really take off from here.  Speaking with IR, they expect full production/cashflow breakeven by mid '21.  $30m gets them there.  And without dilution. They should have been producing earlier - and reaching breakeven earlier - but hurt by Covid and their first two stopes were badly located, requiring new stopes to get to good ore.  Cost them time

[nofluff]

Agreed. What do we do with thev60 million warrant money when they r cashed is my big q!!! Maybe drill baby drill:))) nf