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Nevada Copper Corp NEVDQ

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

Comment by bogfiton Aug 22, 2021 12:40pm
165 Views
Post# 33746167

RE:RE:RE:RE:RE:RE:Should the Ivanhoe board read this?

RE:RE:RE:RE:RE:RE:Should the Ivanhoe board read this?I won't dispute your high opinion of Ivanhoe's mgt or Friedland, nor can I dispute the stock's past performance; but neither addresses the issue that I raised.  So, let’s examine the assertions you made in regard to geographical stability.
 
“A) The DRC govt has a healthy stake in the Kamoa/Kakula mines. Interruptions to cash flow from these operations hurts them as well as the other stake holders.........billions annually......not in their better interest to allow this to continue now is it ?”

It is a well-known fact that the DRC does not even have control over all their own territory.  But of course, that ignores the question of the stability of the other nations between the mines and an Indian Ocean seaport through which they must transport their product.  The article was about high jacking trucks in southern Africa –

“Copper mined in Zambia and Congo, which accounts for about 10% of global supplies estimated at 24 million tonnes, is transported to ports across southern Africa.” “… triggered an increase in hijackings in recent months in Botswana, the Democratic Republic of Congo, South Africa, Tanzania and Zambia.”

So yes, it is in the DRC’s “interest” for it to continue, but obviously product transport to the sea is out of their control.
  
 B) The Chinese gov't is also heavily invested in this operation. The DRC also relies on the Chinese for investment into their country. Not likely to bite the hand that feeds them now are they ?

See above.  The Chinese cannot assure safe transport either.
 
b.

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