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

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Post by JoeStockIQon Sep 07, 2024 6:00pm

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Post# 36213379

Winning Bidder Gets This

A fully permitted mine facing problematic issues with its underground ramp up process. Along with that obviously comes the proven and probables of metals in the ground. Next, think about the time and money it will take the new owner to determine which operational direction they will ultimately take. Now determine the CapEx new owner will incur to get them operational. All this in a forced sale court proceeding. What makes anyone here actually believe new ownership is willing to pay any premium whatsoever? On top of that, no one knows what's happening behind the scenes. The outstanding debt will get paid, nothing more. With 1.4B shares outstanding, best case scenario is a few pennies per share. Even that is doubtful. Dreams are nice but it doesn't help raising other's expectations when they've already been pummeled into submission by the prior owners.

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