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.

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Nevada Copper Corp > UG & OP are not the star deposits

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Comment by rickwayne1982on Aug 10, 2024 11:52am

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Post# 36172790

RE:RE:UG & OP are not the star deposits

That article is from December 2021. There is a possibility that that porphyry was drilled since that time. We (the public) have yet received any information on the recent OP drilling results. Most of this is confidential.

When I see an advisor like Moelis charging the debtors 150 K per month, plus 2% commission for the sale of the assets plus 3,500,000 USD upon closing of sale, that tells me this transaction is no small potatoes...

All those fees could have been avoided if a deal was settled prior to petition. It looks like leveraging the court process and having a big shot advisor like Moelis will help get the best value for all the assets...

Prior negotiations were for a partial sale of at least 51% of shares or more funding. PH is an asset for the majors...

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