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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 > Historical construction exceeded 370M USD in 2019
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Post by JayGriff on Oct 07, 2023 9:38am

Historical construction exceeded 370M USD in 2019

Apologies to long holders as I know I've posted about this in the past. This is for the newcomers. 

Below is an excerpt from a 2019 press release from KFW bank, an important lender for the Nevada Copper's financing:

No reason for Nevada Copper's market cap to be this low, but wait? Can't that be manipulated?

The historical investment in the mine’s construction to date exceeds USD 370 million. THIS IS IN 2019!!!!!

“Germany is almost one hundred per cent dependent on imports from abroad for primary metals, including copper – an important raw material for the ‘green revolution’ in the mobility sector and for renewables,” explains Markus Scheer, member of the Management Board of KfW IPEX-Bank. “Financing of this type allows KfW IPEX-Bank to play an important role in environmental and climate protection, while helping to ensure the future success of German and European industry.”

https://www.kfw-ipex-bank.de/Presse/News/Pressemitteilungsdetails_521536-2.html

Comment by patchh on Oct 07, 2023 4:22pm
juicy lip licking...  NCI using a Managments Best Estimate Finance/Fiscal Statment  ~~ 2019/2020.. Bad Debited the ENTIRE mine (books - nails - wheelbarrels/etc [AND LITTE HOUSES FOR SNAIL DARTERS\]) NCI went bak/then and Recaptured w the USA Internal Revenue Service a tax credit..  the NCI managers wrote the entire mine off under that C19 Mess.. we will not know - to my lack of ...more  
Comment by patchh on Oct 07, 2023 4:23pm
Bad Debt Number was 850 M$
Comment by JayGriff on Oct 07, 2023 4:40pm
Can be applied to capital gains when they are CF + if I am not mistaken.
Comment by patchh on Oct 07, 2023 10:00pm
i think they can carry for 3 or 5 years..  we need a tax return to pinch a price tag - this will factoid into thew stork price...
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