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Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

Metals & Mining Copper
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 > Would have been better to open pit first?
View:
Post by TELEMARKER on Jan 24, 2022 1:54pm

Would have been better to open pit first?

comments
Comment by westcoast1000 on Jan 24, 2022 5:16pm
When they decided to proceed with the UG mine, they were using Cu prices at 2.75 or so for all the analysis. They sought to develop underground because it had better grades.  The open pit would have been faster, less comples, and lower average cost, but the grades were seen as too low to justify that strategy at the copper prices of the day. All in my opinion.
Comment by jakayo6 on Jan 24, 2022 6:13pm
This post has been removed in accordance with Community Policy
Comment by nofluff on Jan 24, 2022 6:18pm
Hindsite is great is it not wc. I am loving where we r at. The fan news and sc news r the big thing now. If fans r all on site and sc has been engineered and mining started, we should pop to a buck and keep climbing. If that is not anounced soon then we flat line according to copper price.  Happy guessing. nf
Nevada Copper Corp