Nevada Copper Corp T.NCU

Lets recap

[slewfoot2]

Cash burn prolly 13 mil/ month. Revenue bout 1.5 mill per month... solid. Thats only a net burn of a wee bit over 11 mill per month. Not bad. So if they do another 10 2 1 rollback then a 150 mill pp all will b well. The fish was right go figure. 4 sure. Nuton tech res

[Rational47]

 No 10 to 1 RS, IMO; probably wouldn't be approved by shareholders.   I am thinking another PP or maybe a buyout. I think any offer over US$1.25 would be approved.  Pala wouldn't mind averging down and gaining more controlling interest if they haven't hit any threshholds that of which I am not aware.  Or perhaps a different venture capitalist may surface? 

[patchh]

look at the NCI Daily Volume !   there is no room for a PP and they cannot buy a cows meow... who - what - where - when... the mmine has 1.2B$ in proven drill / OP - somewhere.. the latest IFS has a 960M$ asset declaration - certified audit.. the KiWi Loan is sopld w the storks..  its a book liability - NOT a BOND and the credit facility is based on a contigency bond - also a

[patchh]

venture capitalist ??   make room N hades...  not w a boiler plate called solway sitting @ the table w free stock... a buk 1.25 is really looking good..  the last option is for payla to actually venture capitol and hio the responsibility 4 even monthly accounting.... split the stok w a crak on the rash on My Azz ? WTF

[nofluff]

Is there mention of any new cash needed?  The last update stated, that if cash was needed, they would forward sell copper. At full production c1 would cost about 3 million per month on top of already spent capital amortization. We are drilling and advancing open pit studies. We are running at half production, so less cost. Right now we likely need 3 million per month total. But lets say 5 as

[patchh]

they R bouncing the credit facility w Payla..  looks like monthly or there is a charge bak 4 march..  i did not date the audit.. reflexed 15 million 2 NCI then NCI paid bak 10.8~~  looks like around 3.5M$ tolling.. this will work w the concord streamers & triple flag..  they also paid bak that failure to deliver around 450M$ and an apparent interest w penalty..  on

[TomsStockHut]

Hi NF, think your guessing is the realistic case. If you see the report stating that they have achieved plant production availability of 20 days in April ( leading to q1 average of 36) they made very good progress. Additionally they focus on preventive maintenance to enhance the equipment availabilty UG. If there will be no desaster concerning ground conditions, I conclude, that their OEE is

[westcoast1000]

Well, they are certainly not Flush with cash. The revenues are still minimal and their monthly costs are substantial. They drew down their accordian financing with Pala in April. To avoid raising capital they would have to suddenly get successful in production when it has not gone well so far. My guess is they will raise more capital and so see some marginal dilution.

[nofluff]

So why do you think they will not do what they said and foreward sell some copper wc. Sure, they would have to discount by 10%. But that would only b shirt term. With starting exploration drills on tedyboy and feasibility on op, they do mot seam to worried about cash. nf

[TomsStockHut]

Hi West, let me refer to the NCU statements regarding OEE ( Overall Equipment Effectiveness). Their is significant progress regarding production plant availability in April: they achieved 20 days, whereas total Q1 was at 36 days. Furthermore, they are undertaking preventive maintenance measures now to reduce unforseen equipment failure UG. I think that Randy is progressing very nicely.... T.

[patchh]

probably ???  ...  see R mathews paste Plant Q3 @ target of 4500 tpd Underground Mine Ramp Up Continues: Underground production continues to ramp up with hoisting rates of a combination of stope ore and development material expected to increase to approximately 3,000 tons per day ("tpd") in Q2 2022 and then further increasing to 4,000 to 4,500 tpd during Q3 2022.

[metalhead666]

Just in time for the mother of all global recessions and copper falling down a mine shaft....Keep wish thinking and ignore everything around you

[RoyKerr]

1/3 of china shut down and copper didnt break $4.  supply constraints gonna keep oil, copper, food high. and any social disruption in certsin countries could cause a break out. gold is the shaft metal.

[TomsStockHut]

What happens around us: Long-term supply gap exceeds 6 million tons of copper According to Goldman Sachs, copper is increasingly a political market. Supply and demand are influenced by various political decisions. The investment bank cites, for example, the mining policy in Chile, the largest copper country, the massive increase in demand for raw materials due to the switch to

[RoyKerr]

you need to remember, q1 saw a destroyed loader from a collapsed wall, down days, and a non delivery penalty. That could happen again of course, but assuming it doesnt, i would not use q1 as any sort of baseline for q2 cashburn.

[TomsStockHut]

In addition to RK's post: I would rather look on the improvements they achieved as regards productivity increase in april - that was a good job. Seems to me that some of the posters hate the idea, that Pala could be successfull... T.

[westcoast1000]

Personally, I am very eager to see NCU succeed. Believe me, I am highly invested in this company in many ways.

[bogfit]

"Seems to me that some of the posters hate the idea, that ..." Tucker couldn't have said it better.  Learn that tactic in the right-wing echo chamber?  It seems to me that you should have just written "some posters" instead of your wordy fluff.  It also seems to me you don't want to tell us how deep you are in this stock as that would explain your

[patchh]

i think they paid - reduxed 10.8M$ bak 2 Payla..  actual burn on theat 15M was around 3.5 which should B ballpark cash flow...  the metrik squeeze is 1500 foot acces points for the stopes and steel encasements..  re-wok them numbrs - see where the actual cash if flowing v/s ore loading...

[TomsStockHut]

Dont underestimate the role of KfW. It is highly likely, that they will play a mayor role to finance the OP, if Pala is able to finance 30% (my guessing) e. g. from UG cash- flow... Remember: Germany needs copper... T.

[bogfit]

" It is highly likely, that they will play a mayor role to finance the OP,..." Totally baseless speculation.  "likely" means more than 50%.  "highly likley" is 80%-90% (?) and Tom's reasoning for making this unrealistic assumption is "Germany needs copper"??? Hey Tom, how far underwater are you?  That would explain your constant

[RoyKerr]

'germany needs copper' was one of the reasons kf gave for financing the mine at the rates they did. kfw is german govt owned, and their mandate is financing sustainable projects and getting supplies of necessary molecules. US doesnt have cool banks like that, so they have to use the military budget to fund things like australia mining. https://www.kfw.de/About-KfW/Frderauftrag-und

[bogfit]

No doubt "'germany (sic) needs copper' ", but scarcely more than any other industrialized nation.  Germany will need more copper for their military build up, but IMO their government will be directing funds to purchase metal on the world market rather than continuing to control global reserves.   A book written 50 years ago called "Future Shock" whose premise

[patchh]

lunie ! vlads got that 38% smith and wesson pointed @ his face - 6 on-board.. and he is going to pull the trigger  ?? where do U keep making this stuff up...  U dont split - reverse and split.. read the credit facility report.. he lends 15 - gets 10 bak = 5 mil...  now subtract another 2 to 3 for ore sales..  he is bak at his bonding of 30M$ going N @ 8%... payla is