GREY:NEVDQ - Post by User
Comment by
lumpy13on Oct 15, 2021 3:50pm
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Post# 34011666
RE:RE:RE:RE:RE:RE:RE:RE:RE:Carap close >>>
RE:RE:RE:RE:RE:RE:RE:RE:RE:Carap close >>>Fish: I'm not sure where you came up with 250 tpd as the most recent update noted:
Higher Copper Production: Copper in concentrate produced during September increased by 265% compared to August driven by higher stope production. Approximately 30,386 tons of ore were processed yielding 682 tons of concentrate at an average grade of 22%, resulting in approximately 150 tons of copper production.
So they processed about 1,000 tpd in September (altho not sure if this includes a significant amount from stockpiles).
But share value estimates are pretty meaningless at this stage. NCU needs to get up to the 3,000 tpd target by yearend and 5,000 tpd mid '22 to evidence to the market that they can mine ore and produce concentrate as projected. Until then, unfortunately, I agree with you that the share price will remain low.