Nevada Copper Corp NEVDQ

Metal: The issue depends on the Geology

[rockhound3]

Some of the world class orebodies come to the surface and thus open pit mining is used to take off the ore and waste by truck until the open pit method can't go any deeper.

I can  remember when the incredible Kidd Creek deposit north of Timmons was discovered in the fall of 1963- made public in April 64. This orebody came to the surface but was covered by 10'? Of muskeg. 
This mine started at the surface by open pit and then to underground. 

This mine is now down 10,000 feet and in its last days as there is a limit as to how deep one can mine due to the pressures, the heat and the costs of ventilation etc.

A similar situation is Grasburg in western New Guinea ( probably one of the richest orebodies in the world ) where they started with an open pit on the top of a mountain at 12,000 ft and are now underground. The interesting thing when one drives to the mine which is on the Equator is that you pass a glacier!

As noted the open pit grades for NCU are low compared to the underground deposits and thus the $ return is what determines where one puts your $$!!

One important thing is that the mining decision almost always falls back to what is considered an antiquated measurement tool =PAYBACK as this is a simple way to express RISK ie how long before one gets their $$ back.

It is important to appreciate that in the mining game there is almost always a very large initial investment such that a mine will be run until it runs out of ore. Thus PH will not be abandoned but rather it has a high probability to be sold and operated for as long as the current costs are covered by the commodity profits.

If the stock price drops to 5 cents there will be lots of smart investors who believe that copper will stay above $3 for the foreseeable future and grab them. 

Thus if NGU gives us his calculations I think that most will agree that NCU is seriously undervalued and in my mind much/almost all  of it comes back to PALA who have shown repeatedly that they don't know how to run an organization -but we shouldn't be surprised given how Mr L sr took the $$ from his fellow Russians.

Monday will be an interesting day!

We can only hope that PALA realizes that they don't have the organization to make this mine work properly such that they should sell. It is  the odour given off by the PALA name that is to blame for holding down the share price! And oh yes retail shareholders don't have much TRUST in how PALA will treat them.

BUT WHAT IS NCU WORTH? AND HOW CAN THIS VALUE BE RELEASED?!

ROCK