GREY:XEBEQ - Post by User
Comment by
Arbourmarkon Feb 19, 2021 9:04am
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Post# 32607776
RE:This will interest you
RE:This will interest youThanks TT, I personally have a very large position in copper mine in Nevada that was very beaten up but their underground mine is complete, they have permits approved for their open pit. Their biggest insider is a billionaire.
There is currently a 25M shares shorted which the shorts initially were betting the mine would not obtain new financing and that copper would continue to slide below $3.50 but as of this morning spot copper is trading at $4.02 up .11 cents (2.76%)
The mine is located in Nevada, friendly area versus some banana republic, huge reserves between underground and open pit. Underground is fully completed and ramping up to full production.
The stock symbol is NCU on the venture trading last at .195 and should easily be trading at .40 cents. The mine completion was delayed due to Covid, they were burning cash but all resolved and the sky looks very blue with this play.