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Nevada Copper Corp NEVDQ

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


GREY:NEVDQ - Post by User

Bullboard Posts
Comment by Traderfanon Mar 25, 2009 1:06pm
299 Views
Post# 15869699

RE: We gotta get through resistance....

RE: We gotta get through resistance....I agree here. As soon as they have sufficient money to be able to survive another 18 months or so I would think about paying up, thats for sure.

My fear is that we haven't really turned around the corner on the copper prices. Right now it looks great but there are some points which we have to acknowledge and that is we have a couple of factors right now which all were favourable for short term copper price strength. We have the seasonal best time for copper prices right now, we had some good dollar weakness in the past couple of weeks, and the stock market went up big time which also always helps overall.

On the other side we still have huge inventories on the LME, we still have not anywhere the demand we had in 2008 for copper, and construction business is still weak as well. So I guess we are due for some copper price weakness in the near future, especially if the stock market retraces and it will. Glad if I'm wrong on this one.

Maybe management thinks the same way and thats why they did announce yesterday that they are looking at different and cheaper methods to get to a mine, not so much depending on the copper prices in general. Read the news from yesterday.

Bullboard Posts