It's FUNNY >>> 2 years ago >>> PFS >>> Two years ago NCU investors were reasonably happy with the idea that the open pit, once financed and built out, would make good cash-flow at a cost (AISC... the "all in" cost category) of $2.03 per pound.
The long-term copper price that is used at that time to calculate the 'high end' scenario is $3.20 per pound which was calculated to give a 45% margin. The differential being $1.17 per pound
This year the open pit has been lowered to status non-gratis, a waste land that no one thinks will be easily financed without losing it all to the financiers, yet the margin, using $4.40 copper even (now of course trading $4.60) is more than double. ($4.40 minus $2.03 = $2.37 per pound of margin compared to the $1.17 per pound!)
See and read slide 12 closely:
https://nevadacopper.com/site/assets/files/4234/ncu_corp_presentation_-_final.pdf
Given this, how do we contextualize dumb-azz animalysts who constantly slag the stock... Bad blood? manipulation? incompetence? I know not.
Cheers,
Notgnu