Nevada Copper Corp T.NCU

Copper...what's a pound in the ground worth?

[metalhead666]

Any guesses?  If we say there's 20 billion lbs in the ground what's that worth at $5 copper?  This is a reasonable metric for valuation of a mining project. It's done all the time on developing gold mines. At $5 copper what's the NPV of Nevada Copper if you discount it all out into the future? 25 billion$ 40 billion? 100 billion?  Is a pound in the ground worth 50 cents? 10 cents?

[bogfit]

" Is a pound in the ground worth 50 cents? 10 cents?" Neither, they’re not worth a plugged nickel.   It may take you a while to get your head around this fact but pounds in the ground or what we like to call an ore deposit, is by nature a financial liability.  Why?   Because BEFORE those pounds can be converting into dollars, one must dig them out of the

[metalhead666]

I've seen numerous gold projects valued by ounces in the ground...$100 $50 $200 even depending on cost of extraction. So why can't this valuation metric be applied here for a point of referrence?

[westcoast1000]

It all would depend on costs, and uncertainties that could create surprises that increase costs. We have an underground mine working, so that uncertainty is largely gone. the implementation of the open pit mine has uncertainies associated with it, regardless of who pays for the pit construction.  Note that as the price of copper goes up, so too do the reserves. That is, a higher price

[metalhead666]

Based on 253 gold deposits acquired from 1990-2013, Cipher calculated a median benchmark value for an ounce of gold in the ground at about $40 and established that 80% of the ounces were valued at less than $90. Clearly with gold much much higher the value of an ounce in the ground is much higher.  So why can't this exercise be done for copper in the ground?  If we have 20 billion

[bogfit]

Who is Cipher and what criteria is used to create their model Please provide link b.

[metalhead666]

Sure....I'd like to find a similar analysis for base metal deposits but so far no luck https://cipherresearch.com/reports/150601_The-Real-Value-of-Gold-in-the-Ground.pdf

[bogfit]

"Read Cipher's latest research report by clicking here." Fundamental weakness in their research:  latest report is 5 years old and is based upon the acquisition prices paid by only 7 major gold producers. Cipher (whoever they might be) can sit around and crunch numbers all day long since that was their job but it isn’t mine. They might believe that investors can’t depend

[metalhead666]

Your missing the entire point.  There are buyouts of gold project not yet in production...they have many variables but at the end of the day you can say that it was bought for x$ per ounce in the ground.  What is a pound of copper in the ground worth?  What is the range of prices that copper projects have been valued at for the pounds they have in the ground?  Feasibility

[bogfit]

I don’t miss the point at all.  You keep demanding something no one can give you.  The Cipher “research” is fundamentally flawed and hardly applicable to even the small set of gold producers reviewed.  But okay, I understand.  You want to know what some major will pay for an imaginary amount of PH copper on some unspecified date, and you want it now!   What you really want

[metalhead666]

Don't tell me what I want.  I'm asking a question and you obviously have no clue how to answer.  Every piece of real estate boils down to price per square foot.  A buyer considers lots of variables but at the end of the day it sells for X and there are so many sq feet therefore it sells for X$ per square foot.  Or acre, or ounces in the ground, or pounds in the ground

[bogfit]

"I've seen countless valuation analysis of gold projects..." "Countless" huh?  Gee, that’s a lot!  "I've been investing for probably longer than you've been out of diapers".  Gee, that's a long time! I don’t know why you simply don't take a look at the company’s web site and presentation; that should answer most of the questions

[patchh]

gold pro's   --  ell - well !  not yet in the near future.. ahw - just hav to grin an bear w it..  runnin that bonny' convertible in a rainstorm when the ragtops split is always a predictable !! there is a quartize strike on tedyboy..  i admit I don't know that to do w this flipper..  i do kno,' rite now~ NCU running is better than what i can

[metalhead666]

When I evaluate a gold project I attempt to put a price tag on it in a takeover scenario...what are the ounces in the ground worth to a buyer...how much would someone pay for those ounces in the ground....I have not done this for a base metal resource hence my question.  Why don't you be a dik elsewhere?

[patchh]

scenario....?  soo how much ?  when ?  who ?  they' !  or them' !  & WHY ! mabey a ISBN @ Barnies & Not soo Nobel bookstore ? ohh by the way this is nivida no neeed to evaluate turning money N2 Gold ! as 2 evaluations ----  U issed the train... mmmmH..  otw - elsewhere - take Ur hafia troll bak to nomans land.... zombies....  Yar !

[bogfit]

You know what a real "dik" is?  It’s a clown who doesn't understand the primary difference between a copper one-trick pony startup and a major gold producer, and demands an answer to an illogical orange vs. apple comparison.   If you really want to learn what copper majors are paying for "pounds in the ground", there are only a few majors you need to research

[metalhead666]

This post has been removed in accordance with Community Policy

[patchh]

hell I brought ADM 3 months ago...  something about futures contracts v/s stoks..  when catNhat was hot - i brought a few of these also...  i hav held GOLD for so long that i now margin it as a recovering warrior w its foxhole buddy LAC ! ahh well !  the tey-ems...  looks like 35 or 40 by tue/wed

[patchh]

resources that has not been disclosed..  otw sell !  NCU is complicaed..  not base on price of realestate... there are several deposites w various grades - mixed - in - /w A brownfield..  the mine has been in development for over ten years.. from the Scotia Report last month... Exceptional Production Growth Profile •  One operation already in production, with expansion

[SNgu8000]

" IMO it is extremely rare that an ore deposit was found less valuable over time ." Really Bog ??????????? Bre-X  ???

[metalhead666]

There was no ore deposit..it was a fraud

[bogfit]

"Bre-X  ???" During that period, the market value of de Guzman's employer, Bre-X Minerals, went from nothing to $6 billion.  BusinessWeek notes that Wall Street's top analysts were extremely bullish on the stock.  Big funds poured money into the stock and the world's major miners wrestled for a piece of the action. The problem: there was no gold.

[KentWilkens]

One time NO Canadian complained when the Americans took credit for brex in the movies. Gold, Matthew mcconoghay, bald. Was great. I had my eyes on bre-x at .04.