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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.


GREY:NEVDQ - Post by User

Nevada Copper Corp > financials are very concerning...
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Comment by cashtango00on May 25, 2021 6:33pm
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Post# 33264906

RE:RE:financials are very concerning...

RE:RE:financials are very concerning...I can see Pala the biggest creditor is protecting themselves with the rollover of their credit facility.  26m at Libor plus 9%  LOL.  WOW.  Thats the highest interest rate i have ever seen, especially in this market.  These guys must be desperate for cash to pay 14-15% !   Most mining entities are paying less then half that.   If NCU defaults, Pala will convert its debt to equity and it will be a washout for shareholders.  no wonder the auditors added to going concern statement in their financials.
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