GREY:NEVDQ - Post by User
Comment by
cnynmanon Aug 22, 2023 12:25pm
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Post# 35600033
RE:RE:NCU Mining Operations - Overview Presentation
RE:RE:NCU Mining Operations - Overview PresentationYou are exactly correct. Yet, the primary purpose of PFS, PEA, FS, etc. is to both guide the company and provide insight to potential investors. The fact that the most current of these 'projections' are now several years old, with effectively new ownership and many changes of direction highlights the great level of 'uncertainty' this operation represents.
NCU is not being required to complete any updated FS or PEA, so they will not. Those studies are time consuming and costly. This brings us back to your point of 'do your own due diligence'. With all the changes in direction, ownership and history of misteps, that 'due diligence' is very difficult and filled with additional uncertainty.
A healthy dose of skepticism here seems most appropriate. At least until we see that prolonged history of uninterrupted production and positive cash flow.
This won't stop the shameless pumpers on this forum. Their agenda is not rooted in long term sucess and growth of the company.