Nevada Copper Corp NEVDQ

NCU >>> NEWS OUT >>>

[Notgnu]

https://stockhouse.com/news/press-releases/2021/08/31/nevada-copper-provides-operations-and-financing-updates

Cheers,
Notgnu

[Notgnu]

:))-----:))-----:))-----:))----:))----:))-----:))-----:))-----:))----:))----:))-----:))-----:))-----:))----:))----:))-----:))-----:)) Cheers, N.

[TomsStockHut]

I don't mind about another six month... Good news, thx Tom

[westcoast1000]

All good news, in my books.

[patchh]

sooo  what does this mean...  did they mine it and leave the oreo below or did they hoist and mill ?? Stoping: The Company has mined the second stope in the Alphabet Zone at a CuEq grade of 1.45% with backfilling scheduled to start in the coming week.

[patchh]

stated Mike Brown, Interim Chief Executive Officer of Nevada Copper. “We look forward to continued production rate increases in Q3 and Q4 of this year.”

[ZouZS3]

Cheezz right on time

[ZouZS3]

The Company is in discussions with KfW regarding a longer-term extension of the Project Longstop Date into 2023; deferral of debt servicing by up to twenty-four months; and the deferral of certain financial covenants under the Amended KfW Facility to further support the ramp-up of the Underground Mine. The Company expects to have the proposed extension and amendments finalized in the next month

[Notgnu]

Yes, It is just part of the process IMO. KFW bank is, from what I understand, a very conservative institution and it is itself backed by the German government so things take time and a lot of due dilligence and paperwork to get done... The long-term extension will (in my opinion again) happen without a problem (unless copper were to drop below $2.50 which I think will never happen again...ever

[ronnie420]

Wow Now I can stop obsessing lol.  Only way is forward from here!!  No bankrupt and no flooded mine  . GLTA 

[patchh]

flooded m mine by nine ! R420...  i believe Stedman is making the repairs..  its a canadian company w an office in reno.. i usupect that thre would B a few mining engineers here in nevada w much'oH egg on their face -if- that mine flooded...  !!! ahw - get a harhat and grabb hold that flying bedpan will B passing thur restricted air space any nano second.. now lets see how

[Fishbillion]

This post has been removed in accordance with Community Policy

[lumpy13]

I'll say it again, KfW is the equivalent of US Eximbank.  Their objective is as much to help the German economy.  The key for this deal was the concentrates going to a German smelter.  Unless KfW deems NCU a complete disaster, they'll grant additional waivers and time to repay the loan (but I assume at a slightly higher rate).  Given it's a govt agency, they'll

[patchh]

they will probably write a Rhea or insurance bond... RBC Principal Protected Guaranteed Return Enhanced Yield LEOS, Series 255 example Year 1-7 Guaranteed Coupon of 0.30% - 6.00%.  All positive performers within the share basket as measured from the day after the Issue Date are recorded as 6.00% while all others are recorded as their actual performance, provided that if the percentage

[TomsStockHut]

yes, KfW objective is to support and develop german economy. that said, a 75 kto p.a. mine is not what they are looking for. they are also very good in financing start ups, means they will finance step by step.  As NCU proves their capability, they for sure will participate in further financing UG AND building the OP for moderate intrest rates. The Proof of the pudding is in the eating

[Notgnu]

Buy the fear fish, buy the fear. There is zero alignment of incentive for kfc to fry this chicken. NCU will soar like an eagle by next year instead of limp around like a phlucked chicken. Stick a feather in your hat N buy... pedal to the mat.  N

[patchh]

they will write e Rhea.... Underlying: The Underlying may consist of one or more of the following: ·         a single equity security, including American depositary shares, of a specific company (the “Underlying Company”) with a class of equity securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); ·