GREY:NEVDQ - Post by User
Post by
rockhound3on Dec 21, 2021 10:43am
134 Views
Post# 34250358
Valuation of NCU- versus = Lundin/JoseMaria Resources
Valuation of NCU- versus = Lundin/JoseMaria ResourcesThanks to MrMo for his post.
An interesting analysis however I would make the following important comments;
- JoseMaria Resources does not have a mine= rather they have a deposit! " mineable resource"
- The locational discount of 10% seems very low in comparison to Nevada!!= I suspect that there should be a premium on the Nevada location= with a difference of say30- 40%
- NCU has an 'OPERATING MINE AND MILL" =- and have dealt with a significant # of issues. Thus the PH mine has been significantly "derisked". This is a BIG ++
- IN Mrmo's calculation the biggest item is the value of the deposit. The # mentioned is 70cents per pound. The deposit is shown as having 4.7 billion pounds of copper equivalent. I an others have been saying for years that the overall property = particularly what came in from the BLM transfer could have 10- 15 billion pounds . If we use 10 billion pounds this is an approximate double from the 4.7 billion pounds thus if one simply increases the poundage at 70 cents per pounds we would get a double to 86 cents ( per share ( pre consolidation).
With the location, the derisking, etc = I could see over $1 per share or $10 on the post consolidation.
Last comment = wonder why Tom A the lead independent director is talking about the need to drill the land holding?? Also we could also understand if PALA doesnt want to explore/( surface, EM, drill) the property = especially if they were doing an inside deal !?
thoughts
Rock
-