Nevada Copper Corp NEVDQ

Gann: your comment re NCU is right on!

[rockhound3]

Either don't buy any warrants from NCU or be aware of the risk.

I say this  as one who had a 4x return on another junior miner. Luckily my loss on NCU warrants is less than 1/8th of my previous win on warrants.

Again a couple of observations::

Very few junior miners try to take a deposit from the measured state with initial study through to production .

Thete are a number of reasons:

-most geologists are not mining engineers and don't want to become same = it is a different skill set

- the difficulties that can be encountered are numerous and thus this risk is contained by selling to a major who have deeper pockets or the risk is spread.

-many mines will be in production for many years - some over 50 and some over 100. With the 10s of millions of capital $$$& many mines are built to run for a very long time =until the revenue is less than the marginal cost of production.

-the dilema miners face is the unknown price of commodities such as copper. Thus to more easily inderstand and deal with RISK we find that the PAYBACK measurement tool is still used more than 50-60 yrs since it was considered obsolete! WHY = because it is an easy way to think about the risk involved with a particular project

( As an aside just think of where NCU would be if copper was at $3?)

- because mining is not a cut and dry development the development of a new mine OFTEN needs significantly more cash than was  estimated

- large mining companies have significant INTELLECTUAL CAPITAL  and can draw on this when they embark on developing a new mine

Hopefully the above items indicate a number of the things that were missing re the development of PH which can be summed up

- 1. Lack of Intellectual capital  ie experience, knowledge

- 2 lack of sufficient $$$$ ie undercapitslized

- 3. Lack of Planning 

-,4. Lack of communication

- 5. Lack of leadership! A real leader admits when he is over his head

The end result is that investors don't have confidence, trust,assurance that bad things won't continue to happen

The best solution = Sell to an experienced miner which is trusted, ha s the cash, the talent and who has a track record which instilled confidence!

ROCK