Nevada Copper Corp NEVDQ

NCU is comparable to Equinox

[Schmoby]

I've said this before, NCU is very very similar to Equinox 10 years ago. Virtually identical in fact. Same resource size, same production rate, superior geogaphical area (Nevada vs Zambia), superior political atmosphere (US vs Zambia), but NCU has somewhat better grades and lower costs to mine. EQN also had similar issues with financing their project. I could post all of the actual numbers but I don't have enough time right now and I have posted them here before anyway.

I bought Equinox around a $1.20 with 100m shares outstanding, they eventually diluted to about 900m shares and which intially ticked me off, they also had a major delay when their power substation exploded and set the project back 6 months, right around the economic crisis of 08-09.

Subsequentally, once back on track and with the economy recovering late 09-10 it was targeted a couple times for hostile takeover, once by First Quantum. They successfully held them off and eventually sold to Barrick Africa for $8.15/sh or over $6-7B.

This valuation is a real possiblity for NCU, they need to find the right partner or financing to unlock the huge potential capital gains, they have a strong partner with PALA so I actually think they will have an easier time getting this done. I liked the debt restructing as far as it gives them time to arrange financing in the interest of the shareholders.

I've followed this board for many years probably 6-8, I rarely comment and the one thing I have to wonder about is the krud33 guy...always bashing, always slandering the company and management, which is not totally unheard of, however the personal nature at which he levels those attacks honestly leads me to believe he is either a disgruntled employee or contractor. It's obviously personal and it's clear to see. It takes away any crediblity justified or not that he brings to the table, I'll stick with my investing and life experience over a disgruntled employee/contractor any day.