Nevada Copper Corp NEVDQ

Metals & Mining Copper

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 > Wow! Super heavy dilution

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Comment by JayGriffon May 10, 2023 8:22am

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Post# 35440254

RE:Wow! Super heavy dilution

Hi Rixpix,

I understand, but the large majority of the trading o/s are PE / insider owned. The public share float sits around 210m... and lots of cash available available at Nevada Copper's option. There was no mention of the $25M backstop from Dec. 2022... I wonder if that was exercised...

Based on what I read from yesterday, I am very happy because the amount of capital going into this mine speaks volume about its huge potential that I think is difficult for us retail shareholders to fathom because of how much less we know about what's going on.

I didn't think the warrants would be exercised so quickly seeing they had an expiry date of June 2026... This helped Pala also average down on their SP that sat around 1.40 CAD and now it is closer to $1.00 (rough estimate)...

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