Nevada Copper Corp NEVDQ

Industrials Conglomerates

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.

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Nevada Copper Corp

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Comment by tiger6301on Nov 11, 2020 7:15am

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Post# 31876037

RE:Running at 90% capacity now !!

Hi Notgnu,

I believe you are too optimistic.

I just read the NR, it's wordings are so muddy!, there is NO numbers at all. As an investor, do you have to dig out all the filings? Tey are handing somthing, and that why its SP are pennies.

tiger

Notgnu wrote: News out and financials are on SEDAR.

Looking great IMO. With copper at the upper end of the project feasability study and the mill already up to 4,400 tons of 5,000 tpd design capacity cash will be flowing in in the coming months.

Short term cash needs to pay off the last of the build out (to keep the ore flowing in at 5,000 tpd) will be easy to obtain at favorable terms in the next six weeks now that there is visibility on the $80 million initial yearly cash flow.

So for Q1:

MY Rough (guestimate) math:

5000 tons per day X 2,200 pounds per ton = 11 million pounds per day of rock.

11 million pounds X .015 copper = 165,000 pounds of copper in concentrate per day

165,000 pounds X $1.15 ($3.15 copper - $2.00 costs) = $189,750 PER DAY

$187,750 per day X 30 days = $5,692,500 PER MONTH = $68 million per year Cash Flow
Plus gold and silver credits but I didn't reduce the above for recoveries so maybe balances... no idea.

Plus expansion of open pit resource value

I'm happy with that... what am I missing??
GLTA,
Notgnu