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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 1:25pm
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Post# 35441154

RE:RE:RE:Wow! Super heavy dilution

RE:RE:RE:Wow! Super heavy dilution
Hey @Rational47,

The transactions relating to backstops that NCI accessed / exercised in the past were listed on SEDI filings, to date I still haven't seen anything for the recent one. Maybe this backstop is part of the optional funding that NCI has access to that was written about in yesterday's PR.

Around a year ago Pala was averaging around $2.20 CAD / Share before the restart financing package... I see how they are averaging down big time with their continued strong support and exercise of their warrants. While I don't have exact figures, it would be around the $ 0.90-$1.00 CAD after the completion of this funding.

It doesn’t make sense that retail shareholders can buy these shares so cheaply while the main financiers’ cost was around 5-6 times more… Now that their SP average cost is being significantly reduced, I look forward to seeing how the upcoming news can impact the shares for everyone.

Operations and financials are coming within the next week or two... Hang tight and all the best to you and yours.


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