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Nuveen California Municipal Value Fund Inc T.NCA


Primary Symbol: NCA

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NCA - Post by User

Comment by BadVisionon Oct 30, 2017 3:30pm
139 Views
Post# 26877958

RE:RE:RE:RE:RE:Garbage performance

RE:RE:RE:RE:RE:Garbage performancePanneton was definitely an asset - I don’t argue his geological strength.   I bought more once they brought him on.  Unfortunately, he likely wanted the baby whole and didn’t take the merger news well.  

He defined the resource for NCA which I’m sure they have mapped out.   Don’t forget, the drilling is done and it’s likely Warke and the team are sitting tight on these findings for the right opportunity to release them imo

Everything in parallel, trek and NCA are very much the same (give or take a few pieces) but NCA has a lot more ounces scratching only the surface and a permit til 2025.

Now,with a healthy bank account they can explore some of the drill holes they’ve uncovered underneath the pit further OR push South Domes.  If they increase the reserve to 10, take the profit from the new producing mine and build a whole new mine in Cali, meanwhile produce 300k ounces per year...bobs your uncle. 

Yes, the production plans for NCA may have changed (maybe not) but the revenue generated would have been recycled in to a bigger mill and more exploration.   Now we have money to back it....we can drill it to the core, start on the Engineering ie Mr. Leduc who is an outstanding and reputable mining player and plug away at the to do list.  Essentially, increasing this reserve will yield better for the sp Imo 

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