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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

Post by rockhound3on Oct 14, 2021 7:56am
377 Views
Post# 34004255

Copper up this morning; ICSG report out

Copper up this morning; ICSG report out

The International Copper Stufy Group annual report is out and they see copper coming back into surplus.

That said one of the big advisory groups are calling for copper to hit $4.77 by year end.

My impression is that often the ICSG is wrong about future supply/demand/&pricr of copper.

it is important to be aware of

-the long lead time between discovery and production= ie NCU =15 yrs

- Global Climate changes

-Political issues

-Demand factors such as EV, solar panels, etc

-other issues 

As we will see with PH = once the infastructure is in place the mine will operate until the marginal cost of further mining exceeds the revenue generated 

For those new to the board I refer to the Kidd Creek mine just north of Timmins which I first saw from a helicopter in June of 64 as 20 tents, which incredibly rich deposit is now almost done as they are down 10.000 feet where the heat and pressures are very significant!

Hopefully another good day on the market!

ROCK
 

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