Nevada Copper Corp NEVDQ

RE:Competitive bidding is the right and smart way

[nofluff]

Well rw. Certainly nothing competitive about the Codelco offer. It is to another state owned corp.

They r only offering about 50 cents cad. Per pound of phase 2 twenty eight year mine life. The 5 billion valuation of there offer would not cover the huge infrastructure in place. Just a political swap of state assets for accounting purposes. 

Hopefully we get a press release on Wed. Who the successful ncu bidder is and how much. It will take about a month for any cash to land but at least we should have more solid data.

This is competitive at ncu. Some think that because ncu is distressed, buyers will take advantage.
Not so I say. It will go fair value. 

Image, your local ford dealer has gone chpt 7.   They r holding a new vehicle auction. You have been looking for a new f350 pickup. Looks like your best deal for a plainer type will be 100 thousand. You know you are going to buy one.

So at the auction, that f350 sells. You bid to 90 thousand. Then you stop because you know the dealer is on the ropes. You can go pay 100 thousand at a dealer close buy.  Well, average joe might just do that, but those at this auction are business men.

My guess is that they pay 5 billion for indicated and infrastructure which should b about 1.30 cad. per pound. 

If the 30 billion inferred street talk is correct, I will guess 33 cents cad.  Per pound. which should add another 10 billion for total 15 billion cad. 

I will be a pessimist and stick with my 8 billion final offer:))

Nf