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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

Comment by patchhon Nov 12, 2021 2:22pm
147 Views
Post# 34120886

RE:HELP - ASSISTANCE NEEDED!

RE:HELP - ASSISTANCE NEEDED!
When we go to note 9 the only #'s are $5459 , 405, and 5054

thee are in the thousands..  that 5459 is actually 5,459,000 or million w rounding @ the thousandth..

5.0M was teh declared loss on the warrants - now taxed at a loss of 0.01Cad,,

there were initiall issued - for jan - based on the Canadian Treasury Zero Coupon Bonds..

for taxing they were treated as Long Call Options..  they added 405,000 to their books/gain - and then took a loss ON THE WARRANTS at 5,054,000..

they went bak and took the 35M shares that will not B exercised in Jan of 2022..  applied a 2.00 dollar exercise price per share - per 35M too B exercised..

 they then took the 35M shares and underivatized these - added them into a loss for taxing loss of 75 Million including the 5 million or 70+5 going into EOY for 2021..

what they did.. they simply declared in the uniform consolidated..  You did not see the full return -r- u would hav seen the line by line and this column shifting.. and the 75 Million SwingN i the ballroom - full of Jinn !

next year in 2022 - they will take the 35M Stoks..  just like that car U depreciated/off the books..  and plug a key N and drive off w the 2021 wts shares BACK into their unallocated pool @ NCI..

otw this is not a 1099 deduction..  here w cars, in the US U can sorta play like this w the IRS..  usually its 5 years.  but w a good CPA he will book the auto at a loss - and simply expense the ENTIRE COST of the Auto/New..  that US CAr 2K deduction now just became a full 20K$ write off
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