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Bullboard - Stock Discussion Forum 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... see more

GREY:NEVDQ - Post Discussion

Nevada Copper Corp > Back to Copper for a minute
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Post by Rational43 on Nov 27, 2020 1:07pm

Back to Copper for a minute

Hate to get off topic, but Copper is playing out an 11 year double bottom W that bounced from 2016, and is running easily to $3.50.  From there it is likely to extend out to $4 over the next few years, co-inciding with plummeting copper inventories on LME and Shanghai.  

Prices like this are a Godsend for NCU.  

IF they can get and keep production at a decent level, then this is a multi-bagger for investors.  At $4 Copper with a running mine, this stock is worth 10 times its current price.  
Is Resurgent Dr. Copper About to Relapse? - CME Group
Comment by Rational43 on Nov 27, 2020 1:10pm
I've been adding recently, as the combination of low share price, high copper price, and financing has taken away all the risk except operational risk.   If they can operate, this will be a fantastic investment.   Risk/reward is great here.
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