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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 > Deus Ex Machina
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Post by Iceberg101 on Sep 25, 2024 3:31pm

Deus Ex Machina

- turns out that Moiles was hired by the creditors. How convenient. Does not sound like they have much regard for the shareholders.

- Other nebulous bids. Sounds like more or less have to take them at their word. Others looked. Others denied.

- So many creditors for so many small things. Does sound like shoestring was not a fantasy at Nevada Copper.

- Pala and Mercuria in for so hard. Sounds like basic dreaming. Roll the dice. Sunken cost fallacy.

- Issue - Sounds like underground mine itself is a fantasy. Same for strip mine. Too much over-burden. Not enough high value ore reasonably available. More hopeful thinking.

- Note - my basic fallacy was thinking that Pala would never just throw their money away on a fantasy. Nor would Mercuria. So there had to be some latent value w extra for shareholders

Comment by KentWilkens on Sep 25, 2024 5:42pm
Ice, your logic was sound. Logic does not always allign with the facts in the ground. Has happened many times in mining in the past. Will happen many times more in the future. Just dont let it happen too often. Most you can lose on an investment is 100%. Gains can be far in excess of that. This one had massive upside potential, which is why we play, and potential for total loss. It did live up ...more