Nevada Copper Corp NEVDQ

Metals & Mining Copper

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 > Focus on this

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Post by Notgnuon Feb 20, 2021 2:56pm

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Post# 32619358

Focus on this

I am too busy with 3 different separated but married women (seems to have become a specialty of sorts) needing some attention this weekend but will say this...

Try focus on the big picture (weigh in on the post below... the long game :))
If the price goes down over this nonesense it will pay-off big time for whoever is lucky enough to catch the lows of any dip and I will be there too.
Year end is probs 2 to 5 weeks away so lots of games will be played by the basher crowd and soft bash crowd.
This is a world class project now that the copper bull is waking up.

Cheers,
Notgnu

++++++++++++++++++++++++++++++++++++++++++++++++++++++

Open pit deal at $4.00 to $5.00 copper >>> weekend homework!

Here's a scanario for you smart guys over the weekend to rip up.

Carving out the Pumpkin underground gets us a cash-flow of $120 million++ USD after ramp up.

$4.00 copper less $1.86 cost = $2.04 X 65m pounds / yr = $132,000,000 profit

HBM, RIO, ABX etc come in and take 50% of the open pit at full 70,000 tpd.

70,000 tpd is about 200 million pounds copper per year
100 million pounds goes to NCU
100 million pounds goes to the partner

Capitol cost to build is $800 million

PM stream is sold by us and nets $350 million (just a guess until I do more work)
We cover the other $50 million from cash flow

The partner builds / runs the mine and we harvest:

$120 million / year underground
$250 million / year open pit

Our total free cash-flow is $370 million / year (and much higher if copper goes up more) which gets a higher multiple of 8X due to the partner and scale etc