RE:RE:RE:This isn't coming back Cnyman. Good synopsis.
I do not fully agree, as all NCU has done (so far) is prove that the UG is unprofitable, but it could still be. So I personally played this out of interest and entertainment, and for other technical reasons, but always questioned the viability of an UG copper mine.
As for the above ground pit operation, that is NOT proven unworkable, in fact there is little to show that it would be unworkable from all the data we have on open pit mines, and it is fully permitted.
So my personal evaluation is that the UG mine is worth the price of equipment, and perhaps insitu, which untested would be pennies per pound. The open pit resource is another matter.
If copper tanks, bidding will likely do similar, and I expect little to nothing from my investments.
If copper continues to rise, inventories continue to be low, and demand is solid, then I expect a reasonable valuation. that is my optimistic view.
Having been in the game for many decades, I also am almost expecting to see some way in which the banksters and other legalized criminals that inhabit mining will find a way to give the non Pala shareholders zero for their investments.
Either way, am really enjoying watching this play out, and as patch says, never seen anything like it.
KW