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Nevada Copper Corp NEVDQ

Industrials Conglomerates
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

Nevada Copper Corp > Follow-up
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Comment by JayGriffon Mar 21, 2023 7:35pm
173 Views
Post# 35352536

RE:RE:RE:Follow-up

RE:RE:RE:Follow-upThanks for your post and info as well Westcoast1000.

For funding, they mentioned in the October 26, 2022 PR that they anticipate not having enough funds for the Restart Plan even with Pala's backstop.

Below is an excerpt from that release... and I highlighted what I feel was the "smoking gun" for me about this narrative and language being purposely "scary" to public shareholders. The PR could have replaced the highlighted yellow section with: possible merger, sale, soliciting a strategic investor etc... but they didn't because that would increase the SP. The tone and language is all setup (IMO) to the keep the retail investors away or afraid to stay invested.

If they opt for a public offering, keep and eye out for the shorts report. If you see large increases in the millions before anything is announced, my unsolicited advice would be to plan your holding accordingly :)
Excerpt from Oct. 26, 2022 PR

Together these costs and payables are expected to exceed the amount of the new cash proceeds of the Restart Financing Package. As a result, the Company continues to evaluate other additional financing options, including a public offering.

# The Art of Contrary Thinking





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