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Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

GREY:NEVDQ - Post Discussion

Nevada Copper Corp > longstope date
View:
Post by nofluff on Oct 04, 2021 3:55pm

longstope date

I do not know if the top drift can longstope once they r through ore body.
I would think they can, otherwise bottom drift would habe been 1rst.

Lets say they hit guidance of 3000 tons per day hoist q4. So u have bottom low grade lateral ore mixed with se 1.5% short stope and maybe 2% longstope. So lets guess 1% ore. 3000 ton per day is 60 thousand pounds times 5 cad copper for 300 thousand dollars per day. Ten million per month.

That is profitable. So why the need for cfx interest deferal?? They want ncu to get satelites and open pit going.

This is no small calc.

nf
Comment by patchh on Oct 04, 2021 4:52pm
NF !  there is a federal court case due w a uling on a Permitting Issue w the Feds N State of NV.. CFR itme is Fast 41..  its due in Jan of 2022 from the reno fed bench theregulaion in question will allow for Nev State to Draft and Issue all Mine Permits w/o Federal oversite..  essentially giving Nevada State Mines "Interm Status" NCI has permits..  but they still ...more  
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