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 > NCU timing is perfect for new investors >>>

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Comment by Notgnuon May 28, 2021 3:08pm

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Post# 33287793

RE:RE:RE:RE:RE:NCU timing is perfect for new investors >>>

Quick comment:

Another way to look at it is that I need about 5 1/2 or 6 NCU mines (in 3 years) to equal 1 IVN KK mine.

So what does it cost me in E/V to buy 5 1/2 (open pitted) NCU mines at 1.4 or 1.5 billion each versus what does it cost me to buy KK now (thoughto be $8.5 billion as far as I can tell)

In either case I would then have the same cash flow coming but my cost to get it fron NCU will be about 25% to 30% of IVN (ostensibly because it has the RF effect and is a "major")

N.

Notgnu wrote: In the case of IVN market cap (M/C) and enterprise value (E/V) are almost the same because of no debt. NCU's M/C does not consider the portion "owned" by debt holders thus E/V is higher so our share price reflects a lower proportion ownership than if we were debt free. I hand wave these amounts in this calculation because once the big picture (open pit cost) is added to NCU then the E/V to M/C relationship is not too material.

Basically the way I see it is that it will cost me X dollars to buy a piece of IVN's cash flow and X dollars to buy that same amount of cash flow from NCU (down the road on both is the comparison.)

I am kind of caught up at the moment but I will review it later today or tonight to see if:

I have made an error in doing this

If not, is there a better and more clear way to express it.

Cheers,
N

westcoast1000 wrote: Not,

Thanks for the replies.

But let me re-ask my original question. Here is a quote from you:

"Then I created an approximate EV or m/C ratio by dividing $8.5 billion by the $1.4 billion (maybe should be $1.5 or $1.6 re debt ... not sure) and came up with 6:! (could be 5.5:1?) "

Why did you make use of this ratio? What does it represent? What do the terms m/C represent? Is this the relative cost of buying a given amount of net cash flow from each company?

Any insight would be appreciated.