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 > Strategic sale plan

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Comment by cnynmanon Aug 12, 2024 5:47pm

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Post# 36175398

RE:Strategic sale plan

Remember that this is an 'asset sale' and not a 'stock sale'.
If Pala, or anyone else, now comes along and bids more than the $128 (as will most surely happen), the eventual winning bidder, even if it's in the range of $150M-$200M, will own all the assets debt free. All the common shares of NCU are then left behind with no intrinsic value.

A change of control would have burdened the new owner with all the stock and shareholders, plus all the debt. Do the math.

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