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Nevada Copper Corp NEVDQ

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


GREY:NEVDQ - Post by User

Post by bogfiton Mar 15, 2022 9:38pm
159 Views
Post# 34517170

Meanwhile: In case you missed it. A Financial Pandemic.

Meanwhile: In case you missed it. A Financial Pandemic.

On Monday, Russia’s Finance Ministry issued an order to pay the $117 million, although it didn’t specify the currency. Using rubles isn’t an option for this week’s coupons, based on the terms of those bonds.  If Russia doesn’t meet its obligations, there’s technically a 30-day grace period that gives it until April 15 to make good.  An official default declaration could also kick off claims on credit default swaps, insurance-like instruments designed to cover losses if a country or company fails to meet its debt obligations.”

That my friends is called “contagion”, as in a sickness spreading silently.  CDS are unregulated and no one knows the full extent of obligations there under. 

Example of losses:
“BlackRock funds exposed to Russia fell by more than 90% after the invasion, and clients now have less than $1 billion invested, down from about $18 billion at the end of January.”

And don’t let the talk of contagion discourage you, “While the debt is substantial, it’s probably not enough to cause a systemic problem for financial markets. That’s the view of International Monetary Fund Managing Director Kristalina Georgieva, who said last weekend that banks’ exposure is “not systemically relevant.”
 
https://finance.yahoo.com/news/russia-spiraling-toward-150-billion-040120029.html

With all the bad news out there, the real trouble might lie with a financial and liquidity crisis.
b.

 


 

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