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Nevada Copper Corp. (NCU.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.5000+0.0250 (+5.26%)
As of 03:59PM EDT. Market open.
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  • j
    joe
    as to cash flow, in q1 they had to replace a loader (collapsed wall) and pay for non delivery penalties. the burn rate was approx 3.5M if you remove those things. They have a 15M credit facility and can forward sell product, so there is a non-dilution path forward.

    The question is whether you think Randy can continue to increase production like he has had each month he has been there or not. place your bets.

    The doom and gloom is unwarranted, imo, but this is still high risk because another,collapsed,wall could happen and change everything.
  • M
    Michael
    increased production at a steady up channel. I am P.O. at the negative posts driving the stock down with low volume. manipulation hurting honest people.
  • G
    Gears
    well.... Condensed Consolidated Interim Financial Statements are on sedar since monday...
  • t
    thomas
    The price of copper is up! US$4.30.
  • t
    thomas
    The price of copper seems to have bottomed out. Dropped but holding between US$4.15-$4.20. Now if we can get a good Q1 report!
  • G
    Gaz
    What is supposed to get this stock above current share price this quarter except rising copper price?
  • G
    Gears
    the update seems positive!
  • g
    gaurav
    Cash- 12 million
    Current liability - 110 million
    Management already said no cash flow position for foreseeable future.

    Any guess what next?
  • A
    Al
    buying more...
  • t
    thomas
    Per Yahoo, I see the next earnings date is around May 16-22 for Qtr. 1, ‘22. A couple more weeks.
  • T
    TestingTheCat
    Wandering by... 4 cents for us old timers.... wow.
    Back in June/July...
  • T
    TestingTheCat
    is it June yet? Stopping by to see the current status. Numbers say they are slightly profitable at current copper price.

    Next item AVAV.... switchblade orders are coming.

    See you guys in a couple of months.

    my only other concern is Pala gets hit by sanctions.

    Sill have all shares... going to win or auger into the ground...pun intended.

    Cheers ttc
  • A
    Al
    Hmm why it keeps decreasing? Thoughts?
  • R
    RayneMaker
    Where is this heading now? $0.20? $0.10??
  • D
    Darwinn
    Looks Like They surprised us again. A news release this morning. Don't sell yet :)

    https://stockhouse.com/news/press-releases/2022/04/04/nevada-copper-announces-record-month-as-ramp-up-advances

    Nevada Copper Announces Record Month as Ramp Up Advances
    T.NCU | 3 hours ago
    YERINGTON, Nev., April 04, 2022 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)(FSE: ZYTA) (“Nevada Copper” or the “Company”) today announced positive operations advances at its Pumpkin Hollow Project (“the Project”), including record monthly production and continued expectation of up to 5kptd achieved in Q3 as planned, and previously guided.

    “We are pleased with the progress continuing to show at Pumpkin Hollow at the underground mine, open pit project, and exploration initiatives”, stated Randy Buffington, CEO and President of Nevada Copper. “The team has done a remarkable job of continuing to safely advance the ramp-up in the key areas of development, stoping, and processing. We look forward to continuing this progress towards steady state production on schedule for later this year.”

    March Operations Highlights

    Underground Mine

    Record Copper Production. In March, as the company continues to improve stoping rates, record copper production was achieved. 1,300dmt of copper concentrates were produced during the last 30 days from multiple stopes, including the high-grade Sugar Cube zone. The commissioning of the paste plant line, planned to be completed in April 2022, along with other operational improvements, is projected to facilitate quicker stope turnover leading to further increases in hoisting and production rates.

    3ktpd Hoisting Achieved in March. Peak 7-day continuous hoisting rates reached 2,600 tpd in March, including achieving hoisting of 3ktpd earlier than anticipated which represents a significant production ramp-up progress milestone. Operational focus is on sustaining and increasing the 3ktpd rate in Q2, and the plan remains to reach a capacity of 4.5k to 5ktpd during Q3 2022 as previously announced.

    Ramp-up Continues Positive Momentum. Q1 2022 development rates are a 32% quarter-on-quarter increase over Q4 2021. Q1 2022 hoisted ore tons are a 73% quarter-on quarter increase over Q4 2021. Stope ore tons hoisted are a 17% quarter-on-quarter increase over Q4 2021, continuing the trajectory of month-on-month increases over the past 6 months. Enhanced contractor management procedures and key performance indicators are in place to further increase productivity going forward and allow greater access to additional stopes.

    Ventilation Infrastructure on site. All surface ventilation infrastructure arrived as planned in Q1 2022. The commissioning of the surface ventilation fans has been optimized to allow for the prioritization of ore development and is planned to be completed in Q2 in line with increased production.

    Q2 Milestones to increase ore hoisting rates.

    Completion of paste plant commissioning, enabling significantly faster stope cycles
    Mining of additional high-grade ore zones
    Construction of a third ore pass advanced, which when completed, enables a further increase in ore handling rates towards nameplate capacity
    Sequentially higher month-on-month hoisted volumes and concentrate production
    Completion of current dike heading to access further higher grade stopes
    Previous Constraints Addressed. Most constraints encountered in Q4 2021 and early Q1 2022 have been resolved during Q1. The bolting fleet was refurbished, resulting in demonstrated increases in equipment availability; a damaged remote loader has been scheduled to be replaced shortly; lower contractor delivery was resolved and new KPIs agreed. While these items, plus higher property taxes, increased the cost of ramp-up execution beyond plan, the Company expects to obtain sufficient funds to address these additional costs, including the $15m accordion to its existing Credit Facility.
    Open Pit Project

    Drill Program has commenced. Drill rigs are scheduled to arrive to site in the coming weeks and drilling to commence this month. The initial focus of the program will be in-fill and extension drilling of the open pit, to follow up on the last drilling program which identified significant additional mineralization and indicated the orebody which remains open in multiple directions, extends beyond the original pit boundary. The drilling program will also provide updated geological information for advancing the fully permitted Open Pit Project into feasibility evaluation reflecting opportunities for increased scale, larger resource and other optimization workstreams. An updated prefeasibility study is expected in Q3 2022 to incorporate the higher copper price environment.

    Solar Project Progress. The Company has continued to progress the planned feasibility studies for a potential solar project, with renewables consulting group Warm Springs Consulting.
    Exploration

    The Company continues to review and evaluate its extensive mineral landholdings at a
    Nevada Copper Announces Record Month as Ramp Up Advances
    Nevada Copper Announces Record Month as Ramp Up Advances
    stockhouse.com
  • A
    Alfred
    Treatment and refining charges at worst should be at about 20 cents/lb anything higher would be excessive.
    Current copper prices are a gift and these guys should sell forward short term if they need funds. Copper prices will go higher in the future due to China and USA infrastructure build.
  • G
    Gears
    taken from Annual Information Form, page 27 under Risk Factors/Ramp Up of operation at the Underground Mine: "Due to the cumulative impact of these factors, management is assessing the financing alternatives that may be
    available to the Company in order to complete the ramp up of the Underground Mine, with an emphasis on alternatives
    that do not include the issuance of new equity, such as utilizing the $15 million accordion under the 2021 Credit
    Facility (subject to the lender’s consent) and potential concentrate sale prepay arrangements."
  • L
    Leo
    Open pit progress at end of March

    Drill Program has commenced. Drill rigs are scheduled to arrive to site in the coming weeks and drilling to commence this month. The initial focus of the program will be in-fill and extension drilling of the open pit, to follow up on the last drilling program which identified significant additional mineralization and indicated the orebody which remains open in multiple directions, extends beyond the original pit boundary. The drilling program will also provide updated geological information for advancing the fully permitted Open Pit Project into feasibility evaluation reflecting opportunities for increased scale,
  • m
    markfarmer
    3000tons/day:
    6M lb ore/day x .008Cu x 0.8recovery = 38,400lb/day x$4.5 = $172800/day
    85 operating days per qtr = 3.2cents revenue/share.

    are there other minerals being recovered from this ore?

    Later in this century when 5000tons is achieved and Cu is over $5.... $400k/day
    Open pit at 40,000t/d .3% content Adds 200,000lb $1million/day

    all in cost prob $2.50/lb

    Feel free to chime in with adjustments to these ballpark numbers.
  • L
    Leo
    News for end of March today.

    3ktpd Hoisting Achieved in March. Peak 7-day continuous hoisting rates reached 2,600 tpd in March, including achieving hoisting of 3ktpd earlier than anticipated which represents a significant production ramp-up progress milestone. Operational focus is on sustaining and increasing the 3ktpd rate in Q2, and the plan remains to reach a capacity of 4.5k to 5ktpd during Q3 2022 as previously announced.