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Nevada Copper Corp NEVDQ

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.


GREY:NEVDQ - Post by User

Comment by cnynmanon Jan 07, 2025 5:41pm
55 Views
Post# 36393256

RE:RE:RE:RE:RE:RE:searislee?

RE:RE:RE:RE:RE:RE:searislee?Tom, you say 'there hasn't been an auction'. But there was, indeed, an auction process, with a winning bidder declared.  As it turned out, the SH bid was the 'winning bid' because all the companies who viewed the data room concluded that the value of the project did not exceed the SH bid.  There could have been and would have been a more active and agressive auction had even one company seen additional value. They did not.
It really is that simple.

Now you and several others on this board want to keep insisting that the mine, both UG and OP, are somehow worth much, much more than the final bid.  What in the world are you basing that conclusion upon other than your own delusional evaluations, and perhaps a string of misleading statements from Nevada Copper over the past several years.  They were wrong, if not downright misleading, and then they went bankrupt.

The open market has declared, definitively, that the mine is worth no more than the $148M bid by the winner.  Why is that so hard to understand and accept?

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