Post by
Notgnu on Mar 22, 2021 1:37pm
Okay, let's review >>>
Then: So back in July 2020, after the financing at effectively net $0.14, NCU was looking at $2.95 copper, an untested mill, an incomplete and untested hoist, two big lawsuits that had undetermined payouts to be made, a new CEO, a list of other uncertainties and an open pit project that though it was viable it was of little interest to investors with sub $3.00 copper.
Now: Copper is at $4.13 so instead of a $1.09 per pound we now have more than double at $4.13 copper minus the $1.86 = $2.27 profit per pound. We are now closer than ever to monetizing this at name plate 60 to 65 million pounds per year (underground only) which is about $140,000,000 per year vs the $65,000,000 per year on the Corporate Presentatation (which accords with about $2.95 copper.)
In addition the open pit once producing at today's copper price (after all the financing and interest payments etc to get it to production) would free cash-flow about $450,000,000 per year or more.
So again, $0.14 per share vs $0.18 per share... just say'n... should be $0.50 already and heading to a dollar soon. I know, I know, Russians, youngsters, confidence, marketing, etc, etc, bla, bla, bla... everyday is closer and closer to the spring being sprung. Good luck :-)
Cheers,
Notgnu
Comment by
Notgnu on Mar 22, 2021 2:03pm
Someone just needs to put in a 2 million share buy and knock out that plug at $.185. I would do it myself but as you know I am all in. It's up to you guys now... go for it. You will make big IMO (if you hold for a few short months.) N.
Comment by
oldbeers on Mar 22, 2021 5:08pm
Hey hope your right. added 100k @.18
Comment by
Notgnu on Mar 22, 2021 7:59pm
Nice... Congrats. I hope I am right too. N.