GREY:NEVDQ - Post by User
Post by
hainholzon Apr 07, 2021 2:50pm
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Post# 32950746
Nevada Copper - production goes up
Nevada Copper - production goes up
Copper in the ground through exploration and proving economically minable amounts, only very few explorers manage. The subsequent process of developing a producible mine from it is not only complex, but also very demanding due to geological imponderables. The shareholders of Nevada Copper (WKN: A0MK4X ISIN: CA64128F1099 Ticker: ZYT) had to experience this painfully in recent years. But since the end of 2020, the outlook for Nevada Copper has brightened every month. The breakthrough came in mid-March 2021. The production shaft of the main shaft of the Pumpkin Hollow Mine in Nevada has been put into operation and can now extract up to 5,000 tons of copper ore per day to daylight. By the end of the second quarter of 2021, the last equipment should also be installed underground as planned. By the end of the third quarter of 2021, two large permanent surface fans are also to expand the fresh air supply for underground mining. This shows the turnaround that began in November 2020 at Nevada Copper and the volume of sales in shares has already increased significantly in the last six months. This also underpins the change in trend. The share is currently trading at CAD 0.175 or EUR 0.116 and this price should be used for long-term entry.