Nevada Copper Corp NEVDQ

Uplisting how far away?

[TestingTheCat]

The RS should take this to $5ish so 25 to 35 to 1ish. The RS vote and filing will take most of July. The uplist application could be filed in September. So Q4. 5ktpd should also be in August/September. After the uplist I would expect the pit financing and dilution. What have I missed? Cheers ttc

[Notgnu]

Works for me... My original outlook when I started buying in November had been for 45 to 60 cent price by the end of 2021. Since then some startup issues (change of mine planning re fractured marble and the concomitant change to the electricaland the ventilation) have delayed full 5000 tpd by 2 quarters but at the same time the price of copper has outpaced even my best case scenario thus making

[Notgnu]

If we dilute based on a current share float price of 60 to 90 cents to bring in the extra $500 million or so and end up with cashflow from 290 million pounds of copper equiv. production we all become very rich. N

[patchh]

NCU was well aware of the underground Noas Ark leaks when they built the mine.  if they hav to fix outside of a grout they will come N @ the surface and well point the water flow - thru drilling.. again not expensive..  old technology...  i have seen this done on an old landfill in Mt Holly Nj that was unlined and leakingto the groundwater...  here they simply went around the

[Notgnu]

In coversation with 'people' it was said the Toronto subway had this same issue but on a much greater scale of water and difficulty and it still was not a big deal to mitigate. N

[Notgnu]

A link: https://link.springer.com/article/10.1007/s00603-013-0386-7

[westcoast1000]

Testing, Is it remotely possible they could finance the open pit with cash flow from UG production, plus the warrant capital yield, plus some modest capital infusion from some VC source? I do not know the scale of the costs. But assuming the mine gets to 5ktpd, and encounters no black swans underground, that is a lot of cash flow. The roughly 500 million warrants in total (both series) will

[Notgnu]

It is very possible IMO with current and better copper prices. Cash-flow, warrants and debt arrangements can do it. That said, I would prefer a JV with a major to get credibility in order to get a higher cah-flow multiple that comes along with that kind of brand recognition. N.

[westcoast1000]

Thanks, Not, Yeah, a major that is NOT associated with Pala to help ward off the feared go-private move. 

[Notgnu]

Totally... I think a nice running full combined open and underground could command a 6X to 8X cash flow multiple with NCU running the whole shebang but if ABX were the operator (for example) it might command a 10X to 12X multiple for the exact same other metrics. This would mean a 50% to 100% higher share price for the exact same mine (other than JV ownership. It would be better for Pala long run

[patchh]

ABX is Nevada Gold today....  ABX hit Newmont in a Hostile a few months bak...  TDominion called a confab up in canada.. both mines walked away after a basking about being a monopoly and formed a consortium -2- share thing like rail - saftey - equipent purchases.. ABX will not come into NCU Directly !  i do expect to see some knews around june.. my guess, is quaterra or stignaset

[westcoast1000]

patchh, Thanks for this note. I am starting to get a glimpse of what you have been referring to in your posts. A conveyor system from NCU to the Anaconda site would be fine idea. 

[patchh]

..  the one @ cortez (ABX) is 5 feet wide 15 miles in one direction..  another going 20 thru a cut mt pass into a blak hole; 15 minutes to drive to the other side where it comes out..  it crusing @ 30mph; get a little dizzy when driving in opposite directions.. the original mine site @ anaconda has been leveled and stiripped bare butt baby -2- the bare ground.. the 12 or 14

[TestingTheCat]

The right of way issues getting a path to the Anaconda mine and EPA issues with that mine would be extremely difficult. Where would the new tailings go? I have been to yerington several times and visited the tailings. It would/might be cheaper to process locally using newer tech. Cheers ttc

[patchh]

its rite across the street..  the EPA MOU/ROD (Arco)  is to B finalized in June/Thereabouts.. Anaconda never lost its permit to mine or operate..  the site was mitigated and all of the old mills - buildings - waste oil pits - tires - leaking containment ponds - deals w the local tribes for a cjut of the action and a BLM Land Swap similar to the NCU Permittig.. In Place

[patchh]

this is kinda beaten all over the wall...  Vlad has simply become to strageic in this valley -2- toss Scotia out the bak door and dilute a reverse.. the most  logical and not re-quoted analysis on these warrants..  is a invewstor group will come in and get a few shares and retire the warrants.. it will not B  abuy-out or knee capping..  these are the ten year money men

[Notgnu]

Agreed.. I even sold one of the GF's cats to buy 5 more shares. Checking the couch for loonies as we speak... Have a great weekend... Off to play now. Cheers, N

[patchh]

possible - but not dissected here

[patchh]

debt arrangements is dilution..  i think the Oracle of Vancouver has already suggested a strageic inveestor is in the works or a couple partners.. the warrants when they exercise - as we kno - will be a dilution unless held by the principals or friends of Vlad !

[TestingTheCat]

800m in today's dollars.

[patchh]

NCU has a Power Point w that tasked close to a Billion $$ NCU will need a new mill - probably two for the Playa Feed Stock that has been developed for Conc... the Cons', also has gold and silver in the mix and is essentiall sold a a concentrated Mull' ! total cost/task is around a 650M$  - including tonka truks - personell/etc.. otw - NCU will ned a Capp Acquision Company to come

[Notgnu]

Thanks patchh... that was easier for my pea brain.  I agree. I think a big JV either with a finance group or (preferably to me anyway) a large credible-ish mining company (to get the highest CF multiple.) I also agree that the 650 number might be all it takes even though I am allowing for $800 million just in case. N.

[westcoast1000]

I guess a lien is a claim on the assets if the company stops making its repayment commitments. That makes sense. In other words, it is a secured loan. Or is it more like streaming, which I guess is pre-selling the product? This is not my area of expertise. 

[patchh]

Correct !  NCU is not Venture Capitiol.. Scotia came in and retired all of the outstanding arbitrations - debt in 2020..  wrote an insurace Re and gave 40M$ to operate the mine..  i.e. Scotia has granted NCU a credit facility..  if hard luk strikes..  scotia will digg a little deeper the mine is paid 4 !  ten years of capitiol expenditures/venture capitiol

[westcoast1000]

If the NCU mine is viewed as a strategic asset, then perhaps the US will not want Russian former oligarchs to own all of it.

[nofluff]

For sure 1000. But the deal was done. Today, it would not b done. U.s. is already a net importer of copper. They need massive more. But a deal is a deal. Also ncu has been a model corporate citizen. The open pit metal will likely have to stay u.s. side. nf

[patchh]

talked w a miner yesterday here locally..  there is some rumor's but not hoo ! he is a small glory hole miner remining tailings and open pit...  what the storks are bringing into the valley -isi\- a closely guarged secret //  male or female ?

[patchh]

I am shure' Homeland Hysteria can spell Vlads last name by now..  Vlad is or was Venture Capitol and is now the owner of a producing mine -w- expansions on the horizon. what will not happen - as has happened in canada recently; the chicoms come in and attempt to get their pekkers in the door..  they tried that w a baloon bid for agnico and were promptley tossed out the door head

[patchh]

Scotia Power Point Presentation had it @ 1B$...  i looked @ the LAC website yesterday..  THe National Coal Construction/Sawtooth is down on their page @ 580M$ first phase w production..  ROk Teck is welding Stainless @ Thunder Bay...  next stop will probably B thacker pass..  Both are funded by Canacord..  muself !  i think the Investors will come out of TD or