Nevada Copper Corp NEVDQ

Pala's cost basis for NCU >>> a best estimate basis >>>>>>>>

[Notgnu]

I have tried to find all the Pala purchases, including warrants excercised, share for debt private transactions, financings etc. I have simplified the sheet by removing extraneous info including registered error corrections. The source material is SEDI and a Conscision article. The first set of numbers represents what I could put together about Pala's purchase of Mercator Minerals (shares that were later traded and vended to end up with NCU shares. 

If anyone has more info on the noted estimates I will rework the numbers but it seems that Pala's average for NCU is $0.49 ($4.90 post) at the lowest case and more likely $0.57 ($5.70 post)

Mercator Minerals

20,483,300				Openning balance. Cost not known but the last one million of 20 million were bought at $3.43. I will assume an average price paid of $2.12 which is the average of all 31 million further share purchases
				https://www.newswire.ca/news-releases/pala-invests-in-mercator-minerals-ltd-507233251.html
			2011-02-01
500,000	4.4	2,200,000	20,983,300
			2011-02-02
2,355,500	4.42	10,411,310	23,338,800
			2011-02-03
3,750,000	4.65	17,437,500	27,088,800
			2011-02-08
2,000,000	4.55	9,100,000	29,088,800
			2011-02-09
2,000,000	4.54	9,080,000	31,088,800
			2011-02-22
2,650,000	4.29	11,368,500	33,738,800
			2011-03-02
4,188,700	4.3181	18,188,700	37,927,500
4,354,500			42,282,000	Price unknown ??
			2011-11-21
1,143,014	1.75	7,620,375	43,425,014
			2012-04-02
2,592,800	1.3	3,370,800
			2012-04-02
3,496,900	1.3	4,454,970	46,921,914
			2012-04-05
1,018,700	1.24	1,263,188	47,940,614
			2012-04-10
500,000	1.24	620,000	48,440,614
			2012-04-11
221,600	1.25	277,000	48,662,214
30,771,714	2.12	65,343,533	2012-10-09	Average price of $2.12 represents SEDI registered transactions only. Adding in the previous (to 10% ownership stake) the total then becomes 51,255,014 shares X $2.12 = $108,660,630
-46,000,000			2,662,214

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NCU

5,255,014	2.12	11,140,630	5,399,050	The descrepency of about 110,000 shares here is something I cannot work out. The $2.12 is my guestimate Pala's Mercator share purcase price
			2010-08-31
100,000	2.9	290,000	5,499,050
			2010-09-02
4,100	3.12	12,782	5,503,150
			2010-09-08
284,000	3.09	877,560	5,787,150
			2010-09-13
180,700	3.09	558,363	5,967,850
			2010-09-21
122,300	3.3	403,590	6,090,150
			2010-10-07
3,060,000	3.75	11,475,000	9,150,150
			2010-10-19
750,000	3.4	2,550,000	9,900,150
			2010-11-03
890,000	4.16	3,702,000	10,790,150
			2010-11-16
5,647,531	4	22,590,000	16,437,681
			2011-06-21
1,400,000	5.5	7,700,000	17,837,681
			2011-08-02
5,544,300	5.4	29,399,300	23,381,981
			2012-04-13
1,500,000	3.8	5,700,000	24,881,981
			2012-07-03
2,500,000	1.9	4,750,000	27,381,981
			2012-10-09
7,315,000	13.33	$97,520,000	34,696,981	A trade of 46 million Mercator shares, at an average of $2.12 (my guestimate) for 7.3 million Nevada copper shares was made here.
			2013-04-26
2,099,300	2.4524	5,143,285	36,796,281
			2013-11-12
3,492,860	1.75	6,112,505	40,289,141
			2017-05-23
3,492,860	0.66	2,305,288	44,001,262
			2018-01-19
3,712,121	0.5	1,856,060	139,563,206
			2018-03-07
98,450,896	0.5	49,225,488	238,014,102	I am guessing at the price here as the info is unclear.
			2018-07-09
3,600,000	0.6	2,160,000	241,614,102
			2019-05-06
31,435,345	0.4	12,570,138	273,049,447
			2019-12-16
300,000	0.2925	88,500	273,349,447
			2019-12-17
200,000	0.2968	59,400	273,549,447
			2019-12-24
100,000	0.36	36,000	273,649,447
			2019-12-27
200,000	0.3655	73,000	273,849,447
			2019-12-30
150,500	0.3672	55,263	273,999,947
			2019-12-31
299,500	0.3635	108,868	274,299,447
			2020-01-03
80,000	0.3444	27,552	274,379,447
			2020-04-06
57,800,000	0.1575	9,103,500	332,179,447	conversion of warrants ?
			2020-07-28
263,452,677	0.15	39,517,901	595,632,124
			2021-01-29
79,696,970	0.165	13,150,000	675,329,094
			2021-01-29
7,024,615	0.165	1,159,061	682,353,709
			2021-02-16
3,560,024	0.1621	577,079	685,913,733
			2021-06-01
3,866,921	0.2735	1,057,603	689,780,654
			2021-08-06
6,764,607	0.23	1,555,860	696,545,261
604,332,141		$344,611,576		$0.57 Average cost to Pala of NCU shares. If the Mercator share were purchased for a lower average of say $1,00 then the average drops to about $0.49 per share.