GREY:NEVDQ - Post by User
Comment by
bogfiton Dec 28, 2021 10:21am
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Post# 34265299
RE:NCU is sitting at 7 cents (pre consolidation)
RE:NCU is sitting at 7 cents (pre consolidation) "... they were and are over their heads and take advantage of their land inventory...:"
Without doubt much of NCI's earlier set-backs and delays were unavoidable, while others were part and parcel of a start-up. Together they caused unexpected cost increases. When a company keeps adding debt to stay in business, it is usually the result of the enterprise being under-capitalized. Nevada Coper WAS under-capitalized - for what was to come.
What was is, but only what is now. matters. Going forward IF the mill can maintain plate numbers, then the UG operation should be cash flow positive BUT that in itself will only keep the lights on until a major buys us out.
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