RE:RE:RE:RE:RE:RE:RE:mine expansionGood ncu q jc. 6.00 was just a start point on corp start up. Few shares out at that time. They needed to raise drilling funds and did so by pps. So as shares increased prices droped.
They leveled at a dollar. Pala and streamers and bankers were not huge concerned. They were eros and wanted large secure supply for there green projects. They planned a tiny project that they planned to ramp up with mine cash. All was well until covid hit and copper crashed. So they shut the mine rethought things. They said why not build underground to mill capacity.
Of course covid crashed all things mining. So they through out a huge pp to self finance. All sh could participate. So pala and friends got there sp down to an average of about 60 cents cad. Since the underground is tiny and euo is all about securing the massive copper on ncu land pala and friends took it on the chin while folks like me r in at 9 cents.
Of course doing the expansion while mill shut and copper low kept people working and spead up much needed production. It was brilliant timing.
There reserves could b greater than tko but all on one piece of ground.
There open pit is fully permitted. To get to tko float they need to amalgamate 7 times. That would make them 1.40 cad sp.
It took me 5 years of light looking to take my 1rst dip. Quickly went quite hard. All my equity is softening as I type.
More pop corn please:))
nf