Nevada Copper Corp NEVDQ

It's FUNNY >>> 2 years ago >>> PFS >>>

[Notgnu]

Two years ago NCU investors were reasonably happy with the idea that the open pit, once financed and built out, would make good cash-flow at a cost (AISC... the "all in" cost category) of $2.03 per pound. 

The long-term copper price that is used at that time to calculate the 'high end' scenario is $3.20 per pound which was calculated to give a 45% margin. The differential being $1.17 per pound

This year the open pit has been lowered to status non-gratis, a waste land that no one thinks will be easily financed without losing it all to the financiers, yet the margin, using $4.40 copper even (now of course trading $4.60) is more than double. ($4.40 minus $2.03 = $2.37 per pound of margin compared to the $1.17 per pound!)

See and read slide 12 closely:

https://nevadacopper.com/site/assets/files/4234/ncu_corp_presentation_-_final.pdf

Given this, how do we contextualize dumb-azz animalysts who constantly slag the stock... Bad blood? manipulation? incompetence? I know not.

Cheers,
Notgnu

 

[Notgnu]

Probably the answer to this: Given this, how do we contextualize dumb-azz animalysts who constantly slag the stock... Bad blood? manipulation? incompetence? I know not. is that they have to wait for 'daddy' to allow them to update their long-term copper price assumtions from below $3.00 to something more realistic like $4.40 N

[Notgnu]

Once you have thoroughly groked this situation, and slide 12, then move on to slide 13.  Slide 13 is very important. The drilling at the North end of the north pit ended in some very long high grade cores. The drilling was stopped not only because funds were turned toward the underground mine build but, mainly, in that area, because NCU did not own the land to the north and the pit wall

[Notgnu]

If you get past slide 12 and 13 and want more to ponder take a look at slide 14 and think about what IOCG really means: https://en.wikipedia.org/wiki/Iron_oxide_copper_gold_ore_deposits then think about BHP setting up an office in Toronto last year ostensibly to look for Canadian copper buy out targets. Then look at Olympic Dam in Australia and think about how BHP kinda likes IOCG deposits and

[Notgnu]

Now at 680 times the market cap of NCU, maybe BHP is still too worried about paying too much for NCU... don't know... what do you think? N N.

[patchh]

Bad blood? manipulation? incompetence? U think ?