GREY:NEVDQ - Post by User
Comment by
JoeStockIQon Jan 05, 2022 1:22pm
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Post# 34285873
RE:Response to Nofluff. Ncu VS Excellsior.
RE:Response to Nofluff. Ncu VS Excellsior.mrmomo wrote: nofluff wrote:
"You make some bold statements mr. Did you not read about the 125 million pound insitiu mine ramp up of excellcior at gunnison? They apear yo b at about the same stage ramp up as ncu."
The statements are bold Mr. Nofluff because they are real, true & fact. Or i would not attempt to do so otherwise. And Yes, i'm familiar with the name of Excellsior. Not sure when their mine was commissioned BUT i do agree somewhat with you on their operational status. While they do seem to be producing some product, that's about all they have in common with Ncu right now. As you are most likely aware by now, Ncu sells copper concentrate while Excellsior sells copper cathode.
In addtion, while their mineral resource seems indentical at first glance on the surface, upon further inspection, the ore grade grade at Excellsior's mine is much much lower grade than Ncu's open pit mine. Which means miuch higer processing costs when compared to Ncu. Also, Excellsior's copper resouce is only defined as a "Probable" resource whereas Ncu have a PROVEN reserves as far as i'm aware. But i think the most important factors here when comparing the two is acessible infrastructure & ESG concerns.
Ncu has bascially ALL the infrasructure & processing facilities it needs for the underground mine & their open pit is only about a year away from being operational with no aparant obstacles in th way aside from financing. Whereas Excellsior will need at least two full years at the bare minimum to be FULLY operational. Also, Excellsior has a bunch of operational/production issues it needs to sort out BEFORE it can actually move ahead with plans for full ramp up. Ncu doesn't have ANY of these issues and most of their major problems are far behind them & have been pretty much resloved. I won't even tackle the ESG/environmental concerns here with Excellsior.
After taking into consideration all of the above, the advantage lies with NCU. As i don't doubt that Excellsior could eventually resolve their problems and be a viable investment vehicle for investors in the longer term, my money for now is on Nevada Copper hands down!
GLTA
Yet another azz hat that so proudly claims he has everything figured out perfectly. How's that working out for you today? A bigger question is this: What if copper retreats to $3.30 US or lower? Where is the money going to come from to keep things moving operationally when May comes around? People like you who think they have it all figured out never consider what happens if and when a company doesn't make production guidance and are thusly hat in hand looking for more funds in a mere few months time. Have no pony in this race and no desire for this company to fail whatsoever but listening to people that are so certain they have the situation pegged is like nails scratching along a chalkboard. You best really hope copper doesn't even go under $4 US in the next few months and that management hits its lofty expectations or money is going to be a huge issue again sooner than you think.