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 > What doe this sentence mean?

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Comment by Notgnuon Apr 22, 2021 3:31pm

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RE:RE:RE:What doe this sentence mean?

Thanks RockDoc1. That makes some sense to me.

A few weeks (or even a few months) more or less to get full ramp up is not an issue for me. We are so undervalued today that even if NCU hadn't even tested the mill and the hoist at this point the price is still very low.

All will be well,
Cheers,
N

RockDoc1 wrote: I am speculating, but reading through the detail in the operations update, I can add a few details:

They state that they are going to blast their first stope this week. So, the mine currently has no production ore, only development ore. This means that the only ore is coming from development headings and any remaining surface stockpile. A development round is worth about 200 tonnes. Most mid-sized operations only can manage 4 to 8 rounds per day, so development would only give them about 800 to 1600 tonnes per day. Likely, only a fraction of the active development is in ore, so development ore is likely significantly less than 1000 tonnes per day.

Blasting their first stope is good to hear, but to sustain 5000 tonnes per day, they will need at least two and probably three stopes going concurrently. This suggests that full production of 5000 tonnes per day is still a few months to several months away. Ramp up of stoping to full production commonly takes several months to one year to achieve. Their Q3 full production target looks very optomistic.

Concentrators run best near their design capacity. If a concentrator is run well below capacity, unit cost goes up and recoveries usually drop. So they may be running the concentrator one week a month at near full capacity, when there is sufficient development ore feed. This explains the batching. Batching is really common when there is not enough ore.

These are all normal issues for mine start up.