Nevada Copper Corp NEVDQ

Nevada Copper Posts US$5.0 Million In Revenue, US$3.9 Millio

[AwareInvestor]

Nevada Copper Corp announced its financial results for the second quarter ended June 30, 2022. The mining firm recorded a revenue of US$5.0 million, up from Q2 2021’s US$2.1 million.

https://thedeepdive.ca/nevada-copper-posts-us5-0-million-in-revenue-us3-9-million-in-cash-balance-in-q2-2022/

[nofluff]

Market seams to like things on ncu. I think back to .60 cad quick on financing and start up news. nf

[nofluff]

That financial summary is a complete misrepresentation. Liabilities of 366 mill is close. But a couple million assets is a gross misrepresentation. The mill and mine infrastructure alone is likely worth 366 million. Then there is the proven insitiu value of underground reserves at 50 cents for over 1 billion. A high grade open pit fully permitted mine on sight for another billion. nf

[RoyKerr]

lol, kind of comical. good str given the lousy info from ny manufacturers index and china in general this morning. The lack of selling pressure is nice, means Q2 results held no surprises I missed. Seems algos are holding. Strange how copper physical stocks can be a multi year lows and going down without the price going up. FCX guy was right, there is a disconnect ( or manipulation). 

[bogfit]

" FCX guy was right, there is a disconnect ( or manipulation). " Not when the market fears demand destruction and in the face of a strong dollar.  Quite understandable.. b.

[RoyKerr]

Here is Jeff Curry's most recent take from GS: Today, commodity markets appear to hold irrational expectations, as prices and inventories fall together, demand beats expectations and supply disappoints. The commodity market has shifted from hoarding supplies to destocking, expecting a slowdown in global growth to lower demand and add additional supply.   Yet should this

[bogfit]

If one can write pages of a market report and end without drawing a conclusion, you're probably worth what this guy is getting paid.  We know what's happening, we just don't know the result.   At least when he says he don’t know what's next, he can do so with authority.  LOL   b.