Nevada Copper Corp NEVDQ

RE:RE:RE:HELP - ASSISTANCE NEEDED!

[patchh]

go to page of the 2021 Ann Finny Statement...

the warrants were written off as a composite loss - abd booked 400K..  the loss is taken at 5,0 M$

above that the share exercise - now 3.0M are declared at 2.0$..  these hav been re-deravatized and add as a loss of around70M$,,    both the warrants/stok are projected not to exercise

the face value w warrants is 35M$ and will B charged off s a loss..

the warraants were originally written under Canadian Zero Coupon Bond Rates..

simply meaasured as a zero,,  you buy the bond at 85 and in say 5 years - redeme the bond at 100,,  you will pay as a taxpayer interest every year approaching maturity..  the warrant and bond is sold as a UNIT..  so say for five years strike is 2 the ws is 40 or 2.40 (Unit zero coupon - pricing of warrants)..   as a zero coupon the mine would hav to pay interest as the time premium approaches maturity...  i.e.  they mine would B taxed.

what the do after pricein w the Ca Tbill metrik..  is they convert the bond to a long call option and is sold into the market as a Unit Equity..  w/o the stok attached - the warrant is namless...

here is the summary - statment pg 19..


The change in the fair value of the warrants for the nine months ended September
30, 2021 of $5,054 was recorded as a derivative fair value gain in the Statement of Operations

and Comprehensiv Loss.


the Der F V Gain is the strike price of the 35M stoks - they hav not been sold.  the warrants were and as a unit are recorded at a loss..  i.e. the wts are trading @ 0.o1Ca..  NCI is writting off 35M stoks as not sold as priced according to Ca Treasury Bond Zero Coupon Bond metriks..

the warrants hav decreased in value from 5,5M$   to around 400,000$,,, NCI will take a 40M$ tax write down on the warrants..  they hv been returned to the un allocated at some point..  in 2022 they will B able to re-sell these like a used cary that has been full depreciated as an IRS Deduction..

finniky wording..  Comp Loss is that..  for 2021 they will file a loss on the warrants......

the Jan Wts are worthless..  i hav never purchased these less than 40..  i hav  suitcase @ 49..

as a US Citizen I cannot Exercise a Canadian Warrant.....


otw Blackfied Scholes is a polynomial expansion..  time premium is 3rd order and i will B dead before i could compute the first order.. the model itself is a guassian dimensional vector..  the univ of chicago has a half dozen bearded monks chained to steel colums in the basement @  the kellog school of buissness.  apparently the understand the model..  i.e. its the quantum mechaniks of stok trading....

w/o a time premium past the second order, its simple guessing what the intrinsc valuatios=ns may B..

otw.  if the stoks are trading @ 2.50 come Xmass.. and exiecise occurs in Jan..  NCI will stake the charge off for 2021 and fire that fully deprecited junker up for a runup pikes peakking