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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 Rational47on Jan 21, 2023 3:18pm
577 Views
Post# 35237614

Copper Outlook

Copper Outlook     
:
We expect growth in industrial commodities markets to be led by a resurgence in China, where demand contracted in 2022 for most industrial metals. But supply is likely to be constrained, with Chile and Peru substantially underperforming in terms of mine production. We think copper has potential for long-term upside. With reopening, China is going to be spending money on its power grid and electric vehicles, which use a lot of copper. In the rest of the world, we also expect spending on the energy transition to speed up next year, further boosting demand for copper. We also like aluminum; its prices are likely to stay high because of the cost of energy to produce it.
   That was from Bank of America  analysists in 2023.  B of A forecasts US$11,000PMT in 2023.  That's US$5.00 a pound. 
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