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Nevada Copper Corp NEVDQ

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

Comment by nofluffon Jun 17, 2024 10:01am
118 Views
Post# 36091897

RE:RE:RE:RE:Let's keep it simple.

RE:RE:RE:RE:Let's keep it simple.Thanks for that kw.     There would b some fees alright. Also 13 weeks of mining and milling would cost about 42 million.   That would leave 18 million for infrastructure. However, there is no concentrate sales there. If mill at nameplate, then deposit is worth a lot.

In research, chpt 11 often quickly goes to chpt 7.  But chpt 11 with a dip loan is said to be done to keep corp in business. The court docs. Say the corp will be sold as a bisiness in it's entirety.

I do not understand Pala waling away from a billion dollar investment unless it would sell high enough to

at least break even. There should b no payments to lien holders pre 11.   Costs going forward should b all there is. 

TF was in line for the early lien, so why would they ante up more just to get others paid.

Of course, perhaps there are bids out there that will pay for infrastructure and insitiu copper.

At 0.50  u.s. a pound,  would b about 3 billion plus. So over 1.00 sp. That is what is fair.

Instead of belonging to the good old boys club, majors may actually start competing for assets.

Nf for now.

Nf


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