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 > Added value to NCU >>>

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Comment by Notgnuon Jun 13, 2021 3:38pm

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Post# 33379568

RE:RE:RE:RE:Added value to NCU >>>

West.

That is exactly what it is looking like. patchh has done a lot of useful sluething in this regard, there are some mentions in the last corporate presentation that point that way and Mike seemed to speak encouragingly of the 100,000 tpd mill which was never actually mentioned in the presentation.

It is all coming together nicely. I highly doubt anyone can now take a position of significance without pushing the share price up. Long and strong fund hands like Pala do not need to care about short term share prices. They know what they now have and they know where this is headed long term. That is why they are not selling. I doubt they would even talk to a buyer without a bare minimum $1.25 offer in hand. That might get a seat at the negotiating table but $2.00 plus in a year or two is more likely with double that also being possible if copper, iron, moly continue tracking up.

N

westcoast1000 wrote: Further to the iron discussion:

patchh tells us the area has moly and was formerly a target for mining there. And he indicates iron and moly are recovered in the same type of extraction circuit.

In that case, with two kinds of supplementary assets that will just go up in price for some period of time, we may well end up with iron/moly biproducts from the Cu open pit.

Note that NCU may well be one of the few new Cu open pit mines to go forward for the next couple of years, and old ones likely closed during the low Cu prices of 2020. It is only with an open pit that enough material could be moved through a mill to recover smaller concentrations of additional metals like iron and moly. Gold will always be recovered, but these supplementary materials need high prices and large volumes of trhoughput. We may get lots of benefits from the open pit and the potential for reprocessing tailings in the district.