GREY:NEVDQ - Post by User
Comment by
westcoast1000on Apr 15, 2021 2:09pm
128 Views
Post# 33004196
RE:NCU is cheaper now than the beginning of 2021
RE:NCU is cheaper now than the beginning of 2021Thanks notgnu.
Your estimate of a .70 increment in Cu price shows that with a 8 x mulitple on one year of production exceeds the current market cap.
But the 8 X multiple wildly underestimates the life of the underground mine, and also ignores any subsequent increase in the price of copper. Both are big additional positive factors for the economics of the company.