Nevada Copper Corp NEVDQ

What doe this sentence mean?

[Notgnu]

"While we are still batch processing ore through the mill, we achieved a weekly average of 4,700 tons per day (“tpd”)"

It is a bit of a confusing way to put it. Does this mean that ore was stock piled and then run for a full week at 4,700 tpd?

If so, then what does it tell us about the average mining and milling rate given the current ventilation commissioning under way. Are we running an average of 2,000 tpd or 2,500 tpd or maybe more?

The grades seem excellent and the lateral development is excellent. 

No news yet on the share consolidation ration so I guess we get that at AGM time.

Overall good progress.

Cheers,
Notgnu.

[westcoast1000]

While we are still batch processing ore through the mill, we achieved a weekly average of 4,700 tons per day (“tpd”) and maximum daily milling throughput of 5,000 tpd during March. My guess is that these statements mean: -in one of the weeks in March they had a weekly average of 4700 tpd. -the highest daily throughput was 5000 tpd on one or more days in March.  In other words,

[Notgnu]

The ventilation upgrades appear to still be the largest obstacle. I am guessing that air quality after blasting etc has to hit a certain point via extraction and replacement of air (CFM) and that ore cannot always be removed at consistent rates.  I am waiting for more clarity on this question. If anyone has a better idea I too would be interested. My tpd estimates earlier were speculative

[westcoast1000]

That sounds reasonable as to the cause of batching. I would think they are also processing some lower grade materials in batches. Thanks for ongoing reports, Not.

[patchh]

the 47 is not going to go down..  NCU is not in a position to take 2200 tpd goiing into June - ridind a stream outake thinkj of the batch - somewhere between bubble gum & bailing wire.. may ask for a re-flight of the numbers @ 45  >>>))) !!

[Notgnu]

patchh, if I understand what you are asking then at 4,500 tpd and (a guess) 1.5% average copper grade: 4500 X 1.5% grade X 90% recovery X 30 days / month X 2000 pounds per imperial ton = 3,600,000 pounds copper per month. About 700,000 pounds of this would go to the hedge (for now) and earn $750,000 + [2,900,000 X $2.24 (at $4.10 copper] = $7,200,000 per month of free cash flow (all costs in)

[RockDoc1]

I am speculating, but reading through the detail in the operations update, I can add a few details: They state that they are going to blast their first stope this week.  So, the mine currently has no production ore, only development ore.  This means that the only ore is coming from development headings and any remaining surface stockpile.  A development round is worth about 200

[Notgnu]

Thanks RockDoc1. That makes some sense to me. A few weeks (or even a few months) more or less to get full ramp up is not an issue for me. We are so undervalued today that even if NCU hadn't even tested the mill and the hoist at this point the price is still very low.  All will be well, Cheers, N

[bogfit]

The end of 3Q21 is several months away, "This suggests that full production of 5000 tonnes per day is still a few months to several months away.  Their Q3 full production target looks very optomistic." " Ramp up of stoping to full production commonly takes several months to one year to achieve." But time for ramping up depends upon many variables particular to the

[westcoast1000]

Thanks to RockDoc1 for this valuable post. 

[SNgu8000]

Thank you Dr.Rock . You were right " THESE ARE NORMAL ISSUES FOR MINE START UP " People !  You all expected TOO MUCH and TOO QUICK . It's take time and remember : 7 billions lbs of copper STILL THERE and AS LONG AS COPPER PRICE $4.00 up - NCU is more than OK .

[patchh]

The first stope will be mined in the East South Alphabets zone this week. The Alphabets zone is expected to carry copper equivalent grade of approximately 2.5%. Lateral Development Lateral development in March increased 69% from February after the previously announced electrical upgrades were completed. Lateral development early in the first quarter 2021 was slower than anticipated due to

[TestingTheCat]

Hi RockDoc1,     The plan went awry in Januaryas the status pointed to the normal comissioning issues yeilding 1054 tonnes per day with a target of 5KTpd for "mid 2021". An incrase of 60% over November.   In Feburary the target was 3000Tpd actual was 1600 Tpd. "due to mechanical issues" In March we got a "Tpd missing" status - this bothered me - I

[Arbourmark]

Nice, first time poster with account created today, I bet 2 minutes ago trying to come across knowledgeable but apply a passive negative tone to create doubt. I suspect Testingthe cat does not even own shares but surely would benefit by creating uncertainty with weak retail holders. We know there is a large short position here and volume is low and easily manipulated, the longs who have

[westcoast1000]

Testing the cat is an active and informative poster on the Yahoo NCU board. 

[Arbourmark]

West coast, I have no idea wether that is true or not but my spider senses go to high alert when I see passive negative comments from a poster who just created a new account the same day. I am not a pumper or cheerleader looking solely for positive posts but I become suspicious based on my observations about.  I assume you have seen posts on Yahoo with someone with the same handle. Based

[TestingTheCat]

Actually I tend to model the companies a bit too much. Spreadsheets with 20 tabs. For mines I am taking s new approach. W sheet summary. I prefer data from permits, releases, filings, sat data, and journals (and sometimes a plant tour - i tried to get one last summer at nevdf;). So may I ask what you think is pure opinion that I am wrong on? I am always willing to incorporate new data into my

[westcoast1000]

I agree with you Arbormark. We all need to be cautious about whose opinions and perspectives we trust. I also agree I am making several assumptions that this is the same person as on the Yahoo board, and that their infomation merits attention.

[TestingTheCat]

Other  Topic  Validation of TestingTheCat Handshake for connecting three msg boards - who is that ttc guy... The engineering way - send a handshake from all three boards...   AA55 and 55AA in Hex to test all bits (embedded engineer, bio engineer, nano/materials engineer) - now look at the posting on yahoo, stockhouse and stocktwits    yep still me. Cheers ttc &

[patchh]

whats this??  a cat N the hat"!  not driviind a cat and wearing a cat hat! ?? pls don't link yahoo or the other boards w any API...   most of the BS Blog here is positive w historical low periods/goofs..  yanoo is a bot....  they are kinda anoying when they dump in...

[Notgnu]

Could somebody please Google translate this for me? N.

[patchh]

from testing cats thread Other  Topic  Validation of TestingTheCat Handshake for connecting three msg boards - who is that ttc guy... The engineering way - send a handshake from all three boards...   AA55 and 55AA in Hex to test all bits (embedded engineer, bio engineer, nano/materials engineer) - now look at the posting on yahoo, stockhouse and stocktwits 

[Notgnu]

Ahh... finally got what you are laying down here... Thanks for the 'splanation. I was stuck on the 3 handled family gradunza. N.

[RockDoc1]

Good to see you on the board TTC.  I see your good comments on the Yahoo bb.  There are a few mean girls here that get intimidated when somebody has an interesting observation, rather than pumping the same old garbage.  Mom needs to send the kids outside more often. The dyke/water issue concerns me a bit.  If this were a regular heading, it would be no big deal and would not

[Notgnu]

Thanks RockDoc. I am doing my best to figure this stuff all out and your mining and geotech knowledge certainly helps and is appreciated. Cheers, N.

[TestingTheCat]

Tks for the welcome. I finally quit being lazy and read the fine details in the mining report on pillar rock quality and stope supporting issues. I had pulled money from other resources for NEVDF based on an expected 5ktpd by June and target of 0.35. Someday I will get rid of these rose colored glasses. Net result is I may miss my cobalt plays. Hopefully we are looking at Aug for final ramp. RS I

[patchh]

TTC !  what do U think the hedhogs will do to NCU on a reversal ? LAC had a cash conversion/infusion few weeks bak in Jan 2020..  i rang the bell around 30 - jumped bak in around 20...  the shorts are now aaround 10%.. think this will happen to NCU ??

[TestingTheCat]

Too many variables. The RS ratio, SP, and status will all play into it. My position, even expecting a dip, will be to stay long - I may lighten ship down to 700k shares but the next big bump will be the uplist. If they announce the uplist after the vote is tallied this should recover quite well. Again too many variables to do more than come up with a plan for both cases... and that plan is to hold

[patchh]

Cat !  open an interactive brokers account.. U can migrate the NEVDF to the TSX on interaactive brokers..   its considered a micro so they do the conversion automatically... on IBk you can also purchase the warrants as a long call option..  THE NCU ADR Wts have zilch volume and are essentiall worthless to sell when the time is rite

[Arbourmark]

I will reply as Aristotle would... To say of what is that it is not, or of what is not that it is, is false, while to say of what is that it is, and of what is not that it is not, is true. – Aristotle  

[TestingTheCat]

My best guess for tpd in March was 1100tpd.