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Nevada Copper Corp NEVDQ

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.


GREY:NEVDQ - Post by User

Post by Notgnuon Apr 22, 2021 12:04am
338 Views
Post# 33042747

If 2200 TPD >>>

If 2200 TPD >>>Let's engage in some wild, speculative guessing on cash-flow.

If we guess:
  • 2200 tpd as a current run-rate (until the ventilation improves) and 
  • Average mixed grade of development ore of 1.5% copper 
Then we get 2200 X 1.5% X 90% (recovery) X 30 days / month X 2000 (pounds per ton) =

1,780,000 pounds of copper per month:
  • If I remember correctly about 700,000 pounds of this goes to the hedge
  • The hedged portion earns about $750,000
  • The remaining 1,000,000 pounds gives $2.14 cash-flow after all in cost so
  • $2,140,000 + $750,000 form the hedge = close to $3,000,000 per month cash-flow
  • Annualize that return and we would already be at $36,000,000 per year / 1.8 billion shares = about 2 cents per share of positive cash- flow at $4.00 copper and we have only just barely started mining.
All will be well.
Cheers,
Notgnu
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