RE:NCU
LAC - few round trips... whats down must FALL-UP !
otw - nothing new w NCI... short of some equity merger w NCI or a simple sale - the mine is headed thru the brik wall N2 toe bottom below...
no implied auction today.. large sale blck of around 250K.. looks like Morgn sold. shisseled the blocks in 500's..
market depth is firm @ 310 and a small block of 8000 until the 315 buys...
the mine is worth a cool B$ and has a fab around 850M$.. that open pit has been peviously drilled.. there is a map of the bore holes.. looks like pin cushion...
that dyke is 200 feet below the drain well (2000ft) or 2200... big time purprise when noah showed up... its in excess of 2000 feet and has to B steel caged lined - thats really hit the surpluscash flow..
can it B repaired v/s closure... i would think soo.. this site is not Yamanna down in the mexican jungle that hit one of thee going into the side of a mountain.. that one caved - took a few miners and yamanna simply closed theat operation down - bak aorund 2008..
NCI has a lot of support w/n nevada.. Comstock up the street hit water on the same aquifer and had to dig a drain tunnel.. eventually it flooded and they closed the deall..
sooo water is not unique.. cortez and round mountain are ountain face mines - they hav water problesm also...
NCI problem is the way Vlad has been financing the build... up until C19 - that model worked w the Payla Investments.. currently w the lawsuits/settlements and water v/s ore production - they are broke.. a new dilution will not work and hammering the stok bak down to 0.03 will make a hegu joke around town..
NCI was formed w a federal land grant thru the Nev Legislature.. soo there is a lmucho political polyanna if NCI starts to K-bar the local miners... thre has also been large dollard into re-starting the anaconda next door to NCI.. this mine still has an active permit to mine.. soo NCI as a tiny mine will not go away.. there is 2.5% Cu++ in the UG..
the mine will B sold or JV'd w a regular permittable mine partner... Solway cannot get a Bond.. Bonds are Uber discustiong to qualify for.. and the state now requires these when a mine is sold..
Vlad is simply in a bad spot - he needs to B paid for time and materials - SWAG is about 300M$ whe the ink dries...
->> i live down the street from the mine and there is massive mine activity in YET! --> its one truk w a flag rite after nother’ runnin thru town.. there is basting the old ore piles and haul truks moving the loot to another site.. some of the activity is maint/remediantions some is NCI some is drill activity..
the distri itself in 10 years may B larger than ELKO @ Barrik Newmont..
where is the bottom on NCI.. i had it @ 5’s until they annunced a new shaft problem taht has halted ore loading ot the top..
in the past NCI could go into the old piles and make a little money – thats been processed.. simplly hav to sit bak and wait.. i expect the real sparks to kick in aorund sept..
NCI will need a cool B$ for the OP and the only monster w that inda cash is ABX or Nevada Gold – that will make the entire mining universe here in nevada – very happy..
--> will NCI close looking for a buyer ? Who kno’s – Vlad is hard nosed and may decide to run for office..
i hav other equities - NCI is simply sitting there.. the markets are probably bad fo another 5000 drop.. housing has not set in - about 6 weeks going into spet / the C19 Defferals who could not re-finance; they were barred fo 12 monts if they took a defferal.... lots of zanny stuff to trade sideways