Nevada Copper Corp NEVDQ

RE:RE:Next question

[Sclarda2]

cnynman wrote:

nofluff wrote: Tripple flag has been in since the beginning.  They did about 3 or 4 stream buys including at least 1 on the open pit. 

They could have done a 100 million finance that would have finished ug crusher build, the conveyor build and more pump installations for water issues. The mine could have then run nameplate, and they could have been paid there arears quickly.

Instead, they chose to do a 100 million sales cost on chpt 11 with support of all lenders.
If this deal goes through, Pala exits without loan payback along with all sh.

Under normal conditions, 1rst lienholder would get paid all owed until money gone. In this case German bank. Everyone else nothing. 

When pure gold recently shut down there new mine a private corp took over and are developing with agreement to pay arears as they make money on restart in about a year. I believe sh lost all.

So who will be the miner that buys mine from new bidder if deal goes through??

Nf

Good Question, Fluff.
If Pala, or any other party intimately involved with the mine sees ongoing value in continuing operation, they could certainly step up and purchase everything from Kinterra.

However, given the lack of interest in the bidding process, it is looking more and more like this just isn't a viable, profitable mining property.  

My current best guess is that it will be sold to someone like Waterton at a deep discount, who is willing to hold it for the long term (20+ years). If not that, then it will be sold for the value of the infrastructure, mill, crusher, pumps, etc. which will be dismantled and dispersed.

  "However, given the lack of interest in the bidding process, it is looking more and more like this just isnt a viable, profitable  mining property."


Very well put.  If this is potentially such a huge profit making machine as Fluffy has been promising for years where was the bidding war and $15 billion  sale price that Fluffy promised us?


Where was it?  In his imagination thats where. Poor old  senile, Fluffster. Pumping for years just to lose it all. 

Cant say minus the endless pumping i havent been there myself quite a few times. ha ha ha

That stuff stings.