Nevada Copper Corp T.NCU

Bog; All good observations and questions;

[rockhound3]

I think it is pretty obvious that few want to put $$ into the operation while PALA is running the show!

We need a valuation that looks at the pieces;

- value of the operating mill
- value of the tax losses
- value of the significant land holdings ( and question what if any drilling have taken place?)
- sorting out if the underground is capable of being mined?

I havent gone back to look at the amount of debt= however my memory was something like $50  million??? and thus I doubt if the pieces as noted above are worth less than the debt?

It is interesting in that Vlad could likely have kept more for himself if he had loaned $$ in rather than issuing shares -BUT???

Other thoughts appreciated.

Rock



If others would comment - however my gut tells me that the problem is PALA  & Vlad  who cant accept that he wasout of his depth on NCU!

[bogfit]

"I havent gone back to look at the amount of debt= however my memory was something like $50  million???" And isn't that the point?  Usually in my experience a company’s debt and obligations are relatively clear and straight forward.  How can anyone buy this stock without knowing if unpaid bills aren't hiding in the books?   NEVADA COPPER CORP. Condensed

[bogfit]

Oops.  Clipped too close should read  Total Liabilities 446,879,000