Nevada Copper Corp NEVDQ

Running at 90% capacity now !!

[Notgnu]

News out and financials are on SEDAR.

Looking great IMO. With copper at the upper end of the project feasability study and the mill already up to 4,400 tons of 5,000 tpd design capacity cash will be flowing in in the coming months.

Short term cash needs to pay off the last of the build out (to keep the ore flowing in at 5,000 tpd) will be easy to obtain at favorable terms in the next six weeks now that there is visibility on the $80 million initial yearly cash flow.
 
So for Q1: 

MY Rough (guestimate) math: 

5000 tons per day X 2,200 pounds per ton = 11 million pounds per day of rock.

11 million pounds X .015 copper = 165,000 pounds of copper in concentrate per day 

165,000 pounds X  $1.15 ($3.15 copper - $2.00 costs) = $189,750 PER DAY

$187,750 per day X 30 days = $5,692,500 PER MONTH = $68 million per year Cash Flow
Plus gold and silver credits but I didn't reduce the above for recoveries so maybe balances... no idea.

Plus expansion of open pit resource value

I'm happy with that... what am I missing??
GLTA,
Notgnu

[Notgnu]

Also at $.08 per share that is only 0.33 X Book Value for a brand new mine LoL crazy low IMO :-))

[tiger6301]

Hi Notgnu, I believe you are too optimistic. I just read the NR, it's wordings are so muddy!, there is NO numbers at all.  As an investor, do you have to dig out all the filings?  Tey are handing somthing, and that why its SP are pennies. tiger

[nofluff]

They do test runs as they do not have enough ore to run steady. They have reached 4500 tonnes or tons. There wouod be nothing more 2 say. Grades were liw development grade ore. It was a great report. Ncu owns 90% of a very hi margin fully developed resource producer for 300 million mc plus debt.  On top of that ncu has more high grade satelites within trucking distance of mill. They coild