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 > Bids

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Comment by rickwayne1982on Sep 06, 2024 5:06pm

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Post# 36212535

RE:RE:RE:Bids

That's a really good question and beyond my scope of imagination on who could submit such an offer and for how much... When I saw Filo Corp receive an offer for nearly 3Billion USD, that gave me alot of comfort in this current upcoming transaction with Nevada Copper. The interesting part though is that this is a competitive bidding process. What the debtors will need to pay attention to is select bidders who will want to resubmit a higher bid once the top bid is made public.

Nobody knows who is bidding and for how much. In this case, many entities will ensure to submit their best offer from the get-go and if it happens to come within range of many competing offers, they will go to auction.

The question I have is how much more does the prevailing bid need to be than the second best bid, in order to be deemed the winning bid? $200 M.? $500M.? $1B.? $2B.?

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