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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

Comment by bogfiton Apr 07, 2022 12:19pm
132 Views
Post# 34584641

RE:RE:RE:RE:To be CLEAR I am NOT suggesting

RE:RE:RE:RE:To be CLEAR I am NOT suggesting "Buying a mine property long before metal is produced means yu suffer the dilution associatied with mine financing."

That is always true, I maintain that a discovery is a liability, however our capital expense has far exceeded original estimates for a variety of reasons, some of which you mention:  "a deep deline in copper prices, a pandemic and now suplply chain shortages everywhere.


"The ug mine was designed to manage to get value out of the deposit when copper prices were stuck at around $2.50 "

I know the man who designed the UG mine and the impression given was that the UG mine was started up to keep the lights on until copper prices increased, funding became available for building the OP, or a major was willing to bail Pala out.  I suppose that getting "value out of the deposit" might be another way of saying gaining a positive cash flow to meet payroll.

b.



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