RE:RE:RE:RE:RE:Your favorite copper stock? I am guessing you are asking me so I will try to answer the best I can.
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I started buying NCU in November 2020 and shortly after that I predicted I would stay in until 45 to 60 cents and that would be near the end of 2021.
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Since then the mine build has continued to encounter smallish startup problems such as equipment delays, rewiring and re-venting that were partly related to changing the stope order, which in itself was related to hitting some marginally unstable rock, in an area that will later be mined after backfill / paste and new stope order; also some water ingress is being dealt with now... common problem underground as I understand it.
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Copper has way exceeded even my own initial bullish expectations thus I will likely staye in the play for 18 to 24 months at least (with some buying and selling along the way... My average which is different than what my account shows due to brokerage accounting is ridiculously low... just say'n)
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I too favour a joint venture with a BHP, RIO, ABX or similar. This may initially be seen as 'giving some away' but I think that the participation of a major would increase the cash-flow multiple that the market is willing to attribute by at least 50% over time (eg. from 8X to 12X.)
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Now as to your original question about market cap. I believe there would be a dip as soon as a financing arrangement were announced for the open pit... particularly if NCU were to go it alone. The thing is that the market cap, in my view is currently about 25% to 30% of what it should be due to the stink NCU has on it so if it dips 20% from a much higher point $1 billion to $ 2 billion by then then it is all just a question of timing trades and that question is best left to the gods of technical analysis... not me!
Cheers,
N
666999 wrote: I own NCU and CMMC, but CMMC is much better company period ! NCU yes someday can be great company, but not this year and development of O.P. will not be cheap, a lot of work at underground mine, before going further, best would be if some big company made takeover and expand underground mine and develop O.P. It would be also quickest and most secured way, now please answer, where do you expect Mkt cap will be when underground mine will run at full TPD with AISC at predicted level Cheers