Nevada Copper Corp NEVDQ

Metals & Mining Copper

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.

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Comment by Mining_Dudeon Oct 15, 2021 2:01am

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Post# 34008043

RE:RE:RE:RE:RE:RE:What

Would be amazing if they could hit that through-put that early! But I think it's porbably a bit optemisitic.

Realisitcally underground completes rampup H1/2022 and based on the mine plan, year 4 production(that's year 2025 in the model) would see ~57m lbs of copper produced. Assuming underground rampup goes smoothly, earliest I could see them arranging financing for the pit is 2023/2024 and then another 2 years for construction. So 2025 MAY see contributoin from the pit depending on financing. Year 1 of pit production should see about 132m lbs of copper produced. This is a long winded way of saying, 2025 would more realistically see about 180m lbs of copper produced assuming it's all smooth sailing from here. But we'll see how it shakes out!

Notgnu wrote: Let's just dream for a moment and say that in 2025 the open pit and underground are pushing out 280 million pounds or more per year and copper is $5.60 (a randon choice) then that translates into about $1 billion per year in free cash-flow (to be taxed of course.)

That would make the company into a 10 to 14 billion dollar company (about 5% to 8% the size of Rio Tinto or about 3 or 4 times the size of HBM today.)

Not unreasonable
N.

Notgnu wrote: Agreed Mining_Dude... I see no reason to go privte. I believe Pala wants to see this through and, at most, bring on a JV for the open pit (possibly a heavy equipment finance like Mitsubishi etc.) and combine that with both debt and equity (at much higher prices) financing. Again just giving my opinion.

Cheers,
N

Mining_Dude wrote: Going private? Not sure I follow for two reasons; 1) these are sells we're talking about, 2) why go private when you have an upcoming $700m capex number to fund soon?

Also, who said it was a single source client?

patchh wrote: reasonable ?

u see this when a compay goes private.. there are a couple other variables...

looks like scotia bakported to accumulate stoks - other banks followed suit..

--> a large percentage for seeral weeks was thru auctions .... this "I" need explained.. my trading station clearly indicates when an auction is placed.. the price does not hav 2 B recorded under TSX rules - only that a sale occured...

client directed ? the other big Ca banks would hav not piled on for a single source-client; not their ownnn