Nevada Copper Corp NEVDQ

The Nevada Copper story.

[bogfit]

This ol’ desert rat needs to keep things simple, and fortunately the Nevada Copper story is simple to tell.  No one at Nevada copper saw 2 buck copper coming.   Nobody else did either, but everything that happened later, happened differently but for that fact, except for some ground conditions perhaps.

I accused the company of being “under-capitalized” for what eventually came, but could the company have responsibly foreseen the tremendous headwinds that arose?  The commodity bust was lethal to new start-ups, and the delay in the Land Swap Bill put us right at the worse stage.   Speculators fled the copper market and the herd lost interest in junior spec. miners.

There was a time when copper was $2 that a Nevada Copper bankruptcy was a real possibility.
But they struggled on.  Some mismanagement, but by now everything is now being done on the cheap, cutting corners where possible.  We’re talkin’ survival here.  Maybe, just maybe they were hoping to get lucky for once.  Then there was Covid.  The point is they are still open and mining and making progress toward a positive cash flow.  The future will take care of itself and Nevada Copper will be there to take advantage of it.

They had to take on more debt.  Is everyone happy with the terms?  Hell, no!  I’m not “happy” with having more debt, but when you look at the value of the property.  No, not just the pretty little UG mine, that to me is little more than a bridge loan, but the billions in potential earnings represented in the reserves, the fact that some got a better deal than others is totally irrelevant.
 
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