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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 > The PH site has a number of Assets:
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Post by rockhound3 on Apr 09, 2022 2:48pm

The PH site has a number of Assets:

We know about the copper and the PM
 What seems to have disappeared is the very significant amount of iron/magnetite which is a by product however it isnt clear if it is being collected or if is even being separated for possible sale at a future date?
The issue is likely the cost of transportation to get this material to a steel mill? And thus does it make sense to spend the $ to even separate the material?
One of the other pluses of PH is the sunlight and thus the potential for the production of electricity!?

The unfortunate aspect is that NCU lacks the leadership to tackle any of the new opportunities with decisions coming from inexperienced PALA employees whose decisions most likely are overridden by VLAD  who no doubt has personal concerns about his future in the West as he tries to keep his Russian friends happy as they hold on to their little empires which are at risk!

Do we really think that PALA will be able to hold on to NCu?

not likely and the true hope is that PALA IS working on  A DATA ROOM so that the highest price can be obtained when PALA sells and VLAD retreats to Moscow. 

The minority will benefit when PALA  sells its control in NCU = the sooner the better!

Rock

Comment by bogfit on Apr 09, 2022 7:23pm
"What seems to have disappeared is the very significant amount of iron/magnetite ..." Samples were sent to the laboratory years ago and were never seen or heard from again.  Very strange indeed.   b.
Comment by Paramount on Apr 09, 2022 10:17pm
"Samples were sent to the laboratory years ago and were never seen or heard from again". Source??
Comment by bogfit on Apr 10, 2022 2:57am
""Samples were sent to the laboratory years ago and were never seen or heard from again". Source??" Personal correspondance about 7 or 8 years ago with emails to company inquiring on results with nary a reply.  I decided not to pursue the issue assuming that if the sulfur could be economically removed from the magnetite, the company would have included that in their ...more  
Comment by Notgnu on Apr 10, 2022 12:31am
The iron would require a separate curcuit and is not likely economic at this scale. Perhaps with the open pit and perhaps with higher iron prices. Anyway, $5.00 to $6.00 copper is interesting (as per Goldman... not me.)  Let's get 5,000 tpd (and then 6,500 tpd) going = about 60 to 70 million pound copper per year. = about $200 million in free cash flow (plus an increase in the value of ...more  
Comment by 666999 on Apr 10, 2022 8:15am
APN is finishing mill and bought iron seperators, Iron content is 30-40% so 1/3 of revenue will be from iron, which is very good, and price of iron is good - 160$/t, so even 10% iron content at 5000 tpd would bring NCU nice additonal revenue, Notgnu please calculate, this you like to do ;), cheers
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