Nevada Copper Corp NEVDQ

Reminder: News Release from 30+ days ago >>>

[Notgnu]

• Mine Hoisting . In December, the Company hoisted 36,000 tons of ore, an increase of over 60% from November. During the first week of January 2021, electrical and instrumentation commissioning of the main hoist system was completed, allowing the main hoist to operate at the full production speed of 1,800 ft per minute, with hoisting rates in January targeted to increase by 200% – 300%.
• Recovery rates . In December, the average concentrate recovery was 86% including a number of days that reached above the Company’s target of 90%.
• Lateral development . Monthly lateral development for December increased to approximately 1,200 ft, which is an increase of over 37% from November. A significant increase is expected in January with the main shaft online.
• Geotechnical Stability . "... As expected, the resulting geotechnical modeling has confirmed the stability of the East North ore body."
• Production . "..steady-state production of approximately 5,000tpd by mid-2021."

Nevada Copper CEO Mike Ciricillo comments, “...shaft reaching its full production speed further enabling the ramp-up to our goal of 5,000 tpd of hoisted material...”

Copper now at $3.72 = things are lining up nicely.

Cheers,
Notgnu

[Arbourmark]

Thanks Notgnu for sharing all your DD and calculations. This is coiling up and close to launching!

[Notgnu]

Cheers Arb,  Copper brief from yesterday: https://www.mining.com/copper-price-lifted-by-us-stimulus-china-inventory-squeeze/ N.