GREY:NEVDQ - Post by User
Comment by
quinlashon Nov 17, 2023 12:04pm
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Post# 35741260
RE:RE:RE:Nov 14, 2023 - Latest Update From NCU (Link)
RE:RE:RE:Nov 14, 2023 - Latest Update From NCU (Link)nofluff wrote: I may have missed something quin. I recall reading that, they run into water issues while drifting and so did some grouting, But water was impededing stope mining. They filled some drifts with ore and waste rock and will start hoisting when the geho has the water out which will b soon. They r way ahead on ore, so there will b no mill slow up, even at 5000 tpd.
Grade will much improve. It will b feb 1, before conveyor and ug crusher are commisioned. We should b paying bills by Jan. with copper. A few months of catching up on stream and interest.
Did you note the mega resource on the hi grade op. Also ug is still open in all directions.
nf
Hey Nofluff,
I do not have the presentation open at the moment and can't comment too much on the specific questions you pose. My overall takeaway is that they will be hitting their namepate numbers before the end of this year and that water issues are virtually all addressed. It does sound like they are waiting on one more pump placement but the supporting infrasturcture to support that placement is established.
I really don't want to go beyond commenting further than that as I could be mistaken on something important to you.
I would suggest going through the most current presentation from their website in detail (i like printing them off and using highlighters.. I'm old-school) so that may help. Any questions that remain outstanding after that exercise can be written up in an email and sent into the Companys' Investor Relation Group for clarification. The nice thing about peppering them with questions is that they may issue a revised Investor Presentation that addresses the FAQs that come into them from Investors.
Glad to see you are digging into research, it's an under-appreciated aspect of proper investing IMHO.
Best Regards,
Q