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 > My comparison between Ivanhoe and NCU >>>

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Post by Notgnuon May 24, 2021 9:17pm

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Post# 33258183

My comparison between Ivanhoe and NCU >>>

I am guessing a 30% political risk factor (or discount on IVN) and that Ivanhoe's KK project represents 85% of IVN'S Enterprise Value (E/V)

*** Note: also that IVN'S adjusted portion of the project is $8.5 billion E/V for 40% of the overall production.

	IVN @ 40%	NCU @ 100%
Long term average copper production per year (uses 500,000 tonnes production)	440 million pounds	290 million pounds
$4.60 copper less ($1.15 for IVN and $2.00 for NCU) all in cost per pound	$3.45 C/F	$2.60 C/F
Long term avg annual free cash flow	$1.52 billion	$750 million
IVN E/V X 85% for K.K. only	$8.5 billion
NCU E/V plus $1B to build the open pit		$1.4 billion
Cash flow factor 1:6 adjustment IVN to NCU	$267 million	$750 million
DRC 30 year risk vs USA risk neg 30%	$187 million	$750 million	4X

Ivn = 4X as expensive