GREY:NEVDQ - Post by User
Comment by
RoyKerron Oct 02, 2022 8:29am
148 Views
Post# 35000030
RE:RE:Confused
RE:RE:Confusedwe have no way of making projections wrt more financing, so it really is guessing. Is this package enough? who the f knows, which makes it gambling. God hates gambling.
If I was still invested, idk what I would do right now, as it could be the bottom if no more financing is NOT needed. otoh, Another 50-70M may be needed. My guess is that it will be as management wanted a 'big' financing package and the one they got was a little one. further, the US just made a German economic turnaround impossible, so that nation is sliding towards poverty and deindustrialisation & will not need much copper in the coming decade. no kfw krautclaus.
That also bodes ill for copper prices as much of the forecasted demand is for rich nation electrification. A poor europe kneecaps that, so I do not expect $6+ copper post 2023 like I have been.
worst case for me is ncu needing another $50-70MM cash raise and a maximimum price of $4 copper, with $3-3.50 being more likely for the next few years. 50-70MM=another 1-2B shares and lower profit potential when producing. So, 3B+ shares, and an UG producing mine + OP P&P reserves gets us to a 700M to $1.5B valuation. IMO, share price right now is reasonable, but has limited upside with rather large downside, as this is a troubled mine.
Anyway, that is my view, and I have been wrong about this project in the past so I may be wrong now. Do not do anything because of what I have written.
God Bless.