Nevada Copper Corp NEVDQ

RE:RE:RE:Is anyone here selling on this 20% drop ?

[westcoast1000]

Zouz,

I cannot tell you what to do here. I can say I have a serious amount of shares here at around $1.10 and I am not selling. This is my biggest holding by far and I am old and retired. Not too smart in retrospect, but here we are. 

Their assets are very substantial. Look at the 2019 pfs on the NCU web site and check our the NPV of the corporation as shown at that time, with much lower copper prices. The whole issue is price and execution. Execution has gone much more slowly with much more heartache and problems underground than we may have hoped. But even last winter the sense was that if problems occurred underground they might need more money.

They have strong assets, and as Ray Kerr says, the OP is the real prize.

Note that they almost certainly would have gone for an OP first, if Cu prices were over say $3.50 back when they started construction. They went for the UG mine because prices were so low, and they thought they could finance an OP when prices rose. Or as some have suggested, they wanted to get an UG going in order to finance more exploration and create cash flow for an ultimate sale.

Remember also that Pala is in at about $2.20 a share or so, as well as can be calculated based on their documentton back for a long period of time. I don't think they want to sell for a huge loss after being invested in this excellent resource for so long. 

It is important to read their corporate presentations and ideally the 2019 pre-feasibility study to understand that this is a substantial resource, with a lot of land holdings, in the future copper district of western Nevada. There are only about 450 million shares out. I doubt they are going to sell that for under a dollar a share and probably substantially higher. And there will be multiple buyers, no doubt about that.

Good luck to all of us. And patience too. In one or two years, things will look a lot different. Or maybe a sale will occur sooner,