Nevada Copper Corp NEVDQ

Update from RBC. TP $.25 down from $.50

[netprofiteer2]

Nevada Copper Corp
Underground ramp up remains a slow grind

Our view: Progress on the underground ramp up remains behind schedule as a number of unforeseen issues have delayed the construction of key infrastructure. Mining should now be able to ramp up in H2/21 and Pala continues to provide liquidity support, although execution risks remain. We continue to see longer term value at Pumpkin Hollow, particularly in the open pit project.

Key points:

Key infrastructure delayed: A water bearing dike has created challenging ground conditions in developing underground ramps to access the deposit as it required additional ground support which added significant time to the schedule. Development through this area has been completed on one level with a second level expected to be completed in the coming weeks which should allow mining activity to ramp up in the coming months.

Management change creates uncertainty: Mike Brown is an experienced mining executive and is acting as interim CEO; however, until a new CEO is announced and some additional technical bench strength is added this leaves uncertainty in the near term."

[MarkAble]

"number of unforeseen issues"  -  "execution issues remain"  - "uncertainty in the near term" YIKES! 

[quinlash]

Not seeing that update here but if it is the case it's still a double from my average shareprice, ok by me.   Do you happen to have a link ? Q

[bogfit]

"number of unforeseen issues"  -  "execution issues remain"  - "uncertainty in the near term" C'mon Mark, let's skip through the dark, scary forest together chanting, "Issues, and issues, and uncertainty.  Oh my!" BTW - You're about as creative as Nothingnu.    b.

[Stb888]

Another good example of a market analyst lagging behind and following the (short-term) stock price and the crowd (and the fear) instead of focussing on the (longer term) intrinsic target value of a stock.  Might serve well investors who have a time horizon of 1-2 months, beyond that those types of predictions are beyond useless.

[Fishbillion]

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