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.

GREY:NEVDQ - Post by User

Nevada Copper Corp > what is the implication of all this concern about finance

<< Previous

Bullboard Posts

Next >>

Comment by westcoast1000on Nov 17, 2021 12:58pm

140 Views

Post# 34136893

RE:RE:what is the implication of all this concern about finance

patchh,

I am no accountant. I cannot tell you what an impaired asset means in accounting terms.

My guess is it means they are not depreciating it yet, and it is not running yet, so they treat it as different than other assets. To me it does not signal some scam. Maybe it does for you. The time frame is likely arbitrary. If they started to produce copper in coming months it would no longer be treated as an impaired asset.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages