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Holding some Dore Copper which looks like it will be a producer in the near term. They have copper-gold properties.
"Dore Copper aims to be the next copper producer in Québec by implementing a hub-and-spoke development strategy
by advancing its key high-grade copper-gold brownfield projects towards a restart of operations."
A spike in price today with no news? Up almost 20% on the Canadian exchange;
but weaker on the US (DRCMF)
Dore Copper aims to be the next copper producer in Québec by implementing a hub-and- spoke development strategy
by advancing its key high-grade copper-gold brownfield projects towards a restart of operations.
$Nevada Copper Announces Transformative Balance Sheet Improvement
https://nevadacopper.com/news/nevada-copper-announces-transformative-balance-sheet-improvement/
https://nevadacopper.com/news/
NEVDD
+5.24%
Nevada Copper Corp.
Tue., October 12, 2021, 7:00 a.m.·9 min read
In this article:
NEVDD
+5.24%
YERINGTON, Nev., Oct. 12, 2021 (GLOBE NEWSWIRE) --
Nevada Copper Corp. (TSX: NCU) (OTC:NEVDD) (“Nevada Copper” or the “Company”) today announced that it has entered into an agreement with its senior project lender and a non-binding term sheet with its largest shareholder to provide additional financing and a significant deferral and extension of its debt facilities, providing substantially greater balance sheet flexibility and support for the completion of the ramp-up of its underground mining operations and subsequent advancement of its open pit project and broader property exploration targets.
Highlights
Extension of Senior Project Facility:
Two-year deferral of first loan repayments: First debt repayments deferred by two years, with Tranche A repayment only scheduled to begin in July 2025, providing significant additional flexibility
Extension of loan amortization schedule: Extended amortization schedule with final maturity now occurring in July 2029
Additional project completion flexibility: The long stop date for the formal commercial project completion test deferred until June 2023
Consolidation and extension of shareholder loans
Consolidation of shareholder loans: All outstanding shareholder loans consolidated under a single existing shareholder credit facility, as amended (the “Amended Credit Facility”)
Two-year extension to maturity date: Maturity of the Amended Credit Facility deferred until 2026, with no scheduled payments before final maturity
Additional committed liquidity: Increased availability of US$41 million under the Amended Credit Facility
Randy Buffington, Chief Executive Officer of the Company, commented: “These combined balance sheet improvements provide significant additional runway for the Company as we move forward to complete the ramp-up of our underground operations. The ongoing support of two of our major stakeholders provides further validation of the significant inherent value of our copper operations in Nevada and allows us to continue to pursue the growth potential embedded within our asset base”.
Further Details
Senior Project Facility Extension
The Company has entered into the following amendments to its amended and restated credit facility (the “KfW Facility”) with its senior project lender, KFW-IPEX Bank:
Under the US$115 million Tranche A of the KfW Facility:
The first debt repayment now occurs two years later on July 31, 2025, with the debt service reserve account to be funded six months prior;
The final amortization now occurs one year later on July 31, 2029;
The interest margin on the loan increases by 0.5% to 2.1%, reflective of the extended loan tenor; and
Commencement of the project cash sweep under the existing facility agreement will be deferred by two years to January 31, 2024. A one-time extraordinary cash sweep of excess cash will also be deferred by two years to July 31, 2025.
Under the US$15 million Tranche B of the KfW Facility:
The first debt repayment now occurs two years later on July 31, 2024, with no debt service reserve account requirement;
The final amortization now occurs later on July 31, 2025; and
The interest margin on the loan increases by 0.5% to 5.4%, reflective of the extended loan tenor.
In relation to these changes, an amendment fee of 0.25% is payable with 90 days of closing of the facility amendments, and a further 0.75% is payable following the project completion test.
A condition precedent of the facility amendment is the receipt by the Company’s wholly-owned subsidiary, Nevada Copper, Inc., of at least US$40 million in net proceeds from debt or equity financings (the “KfW Condition”). If fully drawn the Amended Credit Facility would satisfy this condition.
Shareholder Loans Consolidation and Extension
Concurrent with securing the amendments to the KfW Facility, the Company has entered into a non-binding term sheet with Pala Investments Limited (“Pala”), the Company’s largest shareholder, providing for all outstanding shareholder loan promissory notes to be consolidated under the existing credit facility previously provided by Pala to the Company on February 3, 2021. The Amended Credit Facility will reflect the following amendments:
The Amended Credit Facility shall be increased to US$138 million, with the use of funds to include:
Additional liquidity of US$41 million (the “Additional Tranche”), which if fully drawn would satisfy the conditions precedent under the amended KfW Facility; and
The retirement of all other outstanding shareholder loans in the form of promissory notes;
Maturity date extended by two years until 2026 under the Amended Credit Facility, with no scheduled payments before final maturity; and
No change to the existing interest rates or other material terms in the Amended Credit Facility.
In relation to these changes, an amendment and extension fee of 4% of the principal amount of the Amended Credit Facility, excluding the Additional Tranche, shall be payable at closing of the Amended Credit Facility, such fee to be capitalized to the Amended Credit Facility balance. A disbursement fee of 2% will apply to amounts of the Additional Tranche that are drawn by the Company and will be capitalized to the Amended Credit Facility balance at the time of such draws. Fifteen million common share warrants shall be issued to Pala, exercisable until the maturity of the Amended Credit Facility, at an exercise price equal to the lower of a 25% premium to the 5-day volume weighted average price of the shares of the Company immediately prior to the closing of the Amended Credit Facility, or a 25% premium to the 5-day volume weighted average price of the shares of the Company immediately following the announcement of the offering price of any equity financing the Company may pursue prior to the closing of the Amended Credit Facility.
Should the Company complete one or more equity financings in the future, Pala will be entitled to equitize and/or convert up to US$35 million of principal loan amounts outstanding under the Amended Credit Facility into new common shares of the Company on the same terms of any such financing.
The terms of the Amended Credit Facility have been reviewed and approved by the independent directors of the Company. The closing of the Amended Credit Facility is subject to the negotiation of definitive documentation and the approval of the TSX. There can be no assurance that definitive documentation in respect of the Amended Credit Facility as outlined above will be entered into. If the Amended Credit Facility is not entered into, the Company will require other financing to be able to satisfy the KfW Condition.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine (the “Underground Mine”) and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Randy Buffington, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
Cautionary Language
Forward-looking statements and information include statements regarding the expectations and beliefs of management----expressed or implied by such forward-looking statements or information.
https://nevadacopper.com/site/assets/files/4231/2021-10-06-ncu-nr.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166009901
https://nevadacopper.com/news/
In GOD We Trust - Real Money -
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA!
$Codelco raises Europe copper premium by 31% in bullish signal
Bloomberg News | October 11, 2021 | 8:42 am Markets Europe Copper
https://www.mining.com/web/codelco-raises-europe-copper-premium-by-31-in-bullish-signal/
Source: Codelco
Codelco offered to supply copper to European customers at a $128 premium over futures next year, signaling that the world’s biggest copper miner expects strong demand to continue even as growth headwinds swirl.
Codelco boosted its annual premium by $30 a ton, according to a person familiar with the matter who asked not to be identified discussing private information. The offer is $5 higher than the premium announced by leading European producer Aurubis.
SIGN UP FOR THE COPPER DIGEST
The miner made its offer at the start of London Metal Exchange Week, when producers, consumers and traders convene in the U.K. capital to thrash out supply deals for the coming year. While copper demand has been booming, rampant inflation and the burgeoning global energy crisis are casting a pall over the growth outlook. Rising freight rates have also raised costs for suppliers like Codelco.
One key risk for manufacturers is that the global economy shifts into a period of stagflation, where demand in sectors like consumer goods and construction plunges while raw materials prices remain stubbornly high.
Even so, with unprecedented stimulus funding now feeding its way into metals-intensive renewables projects, manufacturers are also conscious of the risk that demand will outpace supply. Nexans, a leading cable-maker, has said it will bulk up in copper recycling to insulate itself against future shortages.
The Codelco premium was earlier reported by Fastmarkets.
(By Mark Burton)
$Nevada Copper Provides Update on Accelerating Stope Production and Ramp-Up Progress and Announces Appointment of Chief Executive Officer
T.NCU
YERINGTON, Nev., Oct. 06, 2021 (GLOBE NEWSWIRE) --
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDD) (“Nevada Copper” or the “Company”) today provided a further update on positive September operational performance at the Company’s underground mine at its Pumpkin Hollow Project (the “Underground Mine”). In addition, the Company is pleased to announce the appointment of Randy Buffington as President and Chief Executive Officer, further strengthening its senior management team as operational productivity and production ramp-up at the Underground Mine.
September Operational Highlights
Higher Copper Production: Copper in concentrate produced during September increased by 265% compared to August driven by higher stope production. Approximately 30,386 tons of ore were processed yielding 682 tons of concentrate at an average grade of 22%, resulting in approximately 150 tons of copper production.
Improved rate of stope turnover: Stoping has accelerated significantly since mid-August, with the second and third stope panels fully mined and a fourth stope panel expected to be mined this week. Further stopes are planned in October and November, and the high-grade Sugar Cube zone is also expected to begin to be mined during Q4.
Increasing Development Rates: September saw the highest monthly development footage achieved since April 2021, with a 12% increase over August. Development activities included completion of the crossing of the water bearing dike, accessing additional stoping zones and installation of development infrastructure. A total of approximately 750 lateral equivalent feet was advanced in September.
Mike Brown, outgoing Interim President and Chief Executive Officer, commented: “I am very pleased to see the improved trajectory in our production ramp-up and a recovery in productivities. The increased ore production was a key objective for September, and together with the improving productivities on site, along with the ongoing management strengthening, provide further confidence in the mine ramp-up.”
Management Update
Randy Buffington will join Nevada Copper as President and Chief Executive Officer with immediate effect. With extensive experience in underground and open pit mining operations, both in Nevada and internationally, Mr. Buffington has successfully delivered multiple project ramp-ups and productivity improvements in an underground setting, in addition to overseeing the development and operation of multiple large open pit projects. Most recently at Hycroft Mining, he was responsible for the operational reforms, successfully executing a project turnaround and delivering significant shareholder value as President and Chief Executive Officer. Previously, he held various senior management positions with Barrick from 2003 to 2012, overseeing North American and Zambian operations. He also held senior management positions with Placer Dome and Cominco.
Mr. Buffington brings a deep industry network in Nevada and a strong track record of value delivery in both operating underground mines and large open pit projects, ideally positioning him to lead Nevada Copper towards the delivery of steady state production from its Underground Mine and realizing the full potential of its fully-permitted open pit project and extensive landholdings within the Yerington Copper District.
“The addition of Mr. Buffington further strengthens the Company’s senior management team and provides deeply experienced, long-term leadership as the Company moves to complete the ramp-up of the Underground Mine and go on to maximize the full value of its open pit project and exploration targets,” stated Stephen Gill, Chairman of Nevada Copper.
“I look forward to working with the team at Nevada Copper as we continue to push and improve productivity and accelerate our transition into a commercial producer,” stated Randy Buffington, President and CEO of Nevada Copper. “There is a tremendous foundation to build on at Pumpkin Hollow and I am pleased to be leading the Company towards realizing its full potential as a mid-tier copper producer.”
Mike Brown will step down as Interim President and Chief Executive Officer and continue his active involvement and oversight through his ongoing role as director.
“On behalf of the Company, I would like to thank Mike Brown for his commitment as Interim President and Chief Executive Officer, and I look forward to his continued active involvement going forward,” stated Mr. Gill.
Qualified Persons
The technical information and data in this news release was reviewed by Greg French, C.P.G., VP Head of Exploration of Nevada Copper, and Neil Schunke, P.Eng., a consultant to Nevada Copper, who are both non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Randy Buffington, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development, production and ramp-up plans.
Forward-looking statements and information include statements regarding the expectations and beliefs of management----expressed or implied by such forward-looking statements or information.
https://nevadacopper.com/site/assets/files/4231/2021-10-06-ncu-nr.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166009901
https://nevadacopper.com/news/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA!
$Nevada Copper Provides Update on Accelerating Stope Production and Ramp-Up Progress and Announces Appointment of Chief Executive Officer
T.NCU
YERINGTON, Nev., Oct. 06, 2021 (GLOBE NEWSWIRE) --
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDD) (“Nevada Copper” or the “Company”) today provided a further update on positive September operational performance at the Company’s underground mine at its Pumpkin Hollow Project (the “Underground Mine”). In addition, the Company is pleased to announce the appointment of Randy Buffington as President and Chief Executive Officer, further strengthening its senior management team as operational productivity and production ramp-up at the Underground Mine.
September Operational Highlights
Higher Copper Production: Copper in concentrate produced during September increased by 265% compared to August driven by higher stope production. Approximately 30,386 tons of ore were processed yielding 682 tons of concentrate at an average grade of 22%, resulting in approximately 150 tons of copper production.
Improved rate of stope turnover: Stoping has accelerated significantly since mid-August, with the second and third stope panels fully mined and a fourth stope panel expected to be mined this week. Further stopes are planned in October and November, and the high-grade Sugar Cube zone is also expected to begin to be mined during Q4.
Increasing Development Rates: September saw the highest monthly development footage achieved since April 2021, with a 12% increase over August. Development activities included completion of the crossing of the water bearing dike, accessing additional stoping zones and installation of development infrastructure. A total of approximately 750 lateral equivalent feet was advanced in September.
Mike Brown, outgoing Interim President and Chief Executive Officer, commented: “I am very pleased to see the improved trajectory in our production ramp-up and a recovery in productivities. The increased ore production was a key objective for September, and together with the improving productivities on site, along with the ongoing management strengthening, provide further confidence in the mine ramp-up.”
Management Update
Randy Buffington will join Nevada Copper as President and Chief Executive Officer with immediate effect. With extensive experience in underground and open pit mining operations, both in Nevada and internationally, Mr. Buffington has successfully delivered multiple project ramp-ups and productivity improvements in an underground setting, in addition to overseeing the development and operation of multiple large open pit projects. Most recently at Hycroft Mining, he was responsible for the operational reforms, successfully executing a project turnaround and delivering significant shareholder value as President and Chief Executive Officer. Previously, he held various senior management positions with Barrick from 2003 to 2012, overseeing North American and Zambian operations. He also held senior management positions with Placer Dome and Cominco.
Mr. Buffington brings a deep industry network in Nevada and a strong track record of value delivery in both operating underground mines and large open pit projects, ideally positioning him to lead Nevada Copper towards the delivery of steady state production from its Underground Mine and realizing the full potential of its fully-permitted open pit project and extensive landholdings within the Yerington Copper District.
“The addition of Mr. Buffington further strengthens the Company’s senior management team and provides deeply experienced, long-term leadership as the Company moves to complete the ramp-up of the Underground Mine and go on to maximize the full value of its open pit project and exploration targets,” stated Stephen Gill, Chairman of Nevada Copper.
“I look forward to working with the team at Nevada Copper as we continue to push and improve productivity and accelerate our transition into a commercial producer,” stated Randy Buffington, President and CEO of Nevada Copper. “There is a tremendous foundation to build on at Pumpkin Hollow and I am pleased to be leading the Company towards realizing its full potential as a mid-tier copper producer.”
Mike Brown will step down as Interim President and Chief Executive Officer and continue his active involvement and oversight through his ongoing role as director.
“On behalf of the Company, I would like to thank Mike Brown for his commitment as Interim President and Chief Executive Officer, and I look forward to his continued active involvement going forward,” stated Mr. Gill.
Qualified Persons
The technical information and data in this news release was reviewed by Greg French, C.P.G., VP Head of Exploration of Nevada Copper, and Neil Schunke, P.Eng., a consultant to Nevada Copper, who are both non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Randy Buffington, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development, production and ramp-up plans.
Forward-looking statements and information include statements regarding the expectations and beliefs of management----expressed or implied by such forward-looking statements or information.
https://nevadacopper.com/site/assets/files/4231/2021-10-06-ncu-nr.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166009901
https://nevadacopper.com/news/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA!
Nevada Copper Announces Financing Update
T.NCU
YERINGTON, Nev., Oct. 01, 2021 (GLOBE NEWSWIRE) --
https://nevadacopper.com/news/nevada-copper-announces-financing-update/
https://nevadacopper.com/news/
Nevada Copper Corp. (TSX: NCU) (OTC: NEVDD) (“Nevada Copper” or the
“Company”) is pleased announce that the Company has received a further
extension of the waiver from KfW IPEX-Bank (“KfW”), the Company’s
senior project lender, to October 31, 2021 to complete the project
completion test (the “Project Longstop Date”) under the Company’s
amended and restated credit agreement (the “Amended KfW Facility”).
As previously announced, the Company and KfW are in discussions regarding a longer-term extension of the Project Longstop Date. While there can be no assurance, the Company expects to enter into this longer-term extension and finalize certain other amendments, including payment deferrals, to the Amended KfW Facility by the end of October.
As a condition to the most recent waiver from KfW, Pala Investments Limited (“Pala”), the Company’s largest shareholder, will provide a new US$12 million loan to the Company pursuant to a promissory note entered into between Pala and the Company (the “Promissory Note”).
The Promissory Note has substantially the same terms as the amended and restated promissory note issued by the Company in favour of Pala, as described in the Company’s August 31, 2021 press release, however, no arrangement fee is payable to Pala under the Promissory Note.
The Promissory Note was reviewed and approved by a committee of independent directors of the Company.
Effective September 30, 2021, Justin Cochrane resigned from the Company’s board of directors (the “Board”) in order to focus on the other businesses that he’s involved with and to reduce the number of boards on which he sits.
“On behalf of the Company, I would like to thank Justin Cochrane for his contributions to the Company and wish him success in his future endeavours,” stated Stephen Gill, Chairman of the Board.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Brown, Interim President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to an extension and amendments in connection with the Amended KfW Facility.
Forward-looking statements and information include statements regarding the expectations and beliefs of management. That are available at
httP;//www.sedar.com
Nevada Copper provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166009901
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA!
$SashaC thanks; Nevada Copper Corp (NEVDF) RE: At $4.50 copper, 2.3
billion fully diluted shares and 70,000 TPD open pit:
70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton
X 365 days per year = 225 million pounds plus 65 million pounds from
underground = 290 million pounds X ~ $2.50 profit = $725,000,000 free
cash-flow per year.
$0.725 billion p/year cash flow X5 multiple = $3.63 billion / 2.3 billion shares = $1.58 USD p/s
$0.725 billion p/year cash flow X6 multiple = $4.35 billion / 2.3 billion shares = $1.89 USD p/s
$0.725 billion p/year cash flow X7 multiple = $5.08 billion / 2.3 billion shares = $2.21 USD p/s
$0.725 billion p/year cash flow X8 multiple = $5.80 billion / 2.3 billion shares = $2.52 USD p/s
$0.725 billion p/year cash flow X9 multiple = $6.53 billion / 2.3 billion shares = $2.84 USD p/s
$0.725 billion p/year cash flow X10multiple =$7.25 billion / 2.3 billion shares = $3.15 USD p/s
$1.96 CAD to $3.91 CAD per share
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
At $5.00 copper, 2.3 billion fully diluted shares and 70,000 TPD
70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton
X 365 days per year = 225 million pounds, plus 65 million pounds from
underground = 290 million pounds X ~ $3.00 profit = $870,000,000 free
cash-flow per year.
$0.87 billion p/year cash flow X5 multiple = $4.35 billion / 2.3 billion shares = $1.89 USD p/s
$0.87 billion p/year cash flow X6 multiple = $5.22 billion / 2.3 billion shares = $2.27 USD p/s
$0.87 billion p/year cash flow X7 multiple = $6.09 billion / 2.3 billion shares = $2.65 USD p/s
$0.87 billion p/year cash flow X8 multiple = $6.96 billion / 2.3 billion shares = $3.03 USD p/s
$0.87 billion p/year cash flow X9 multiple = $7.83 billion / 2.3 billion shares = $3.40 USD p/s
$0.87 billion p/year cash flow X10multiple =$8.70 billion / 2.3 billion shares = $3.78 USD p/s
$2.36 CAD to $4.72 CAD per share
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
$Current underground mine as a stand alone after ramp up:
65 million pounds per year x $2.44 ($4.30 - $1.86 = $2.44)
Free cash-flow of about $159 million USD per year at a conservative, low 5 X cash-flow multiple =
$793 million, divided by 1.8 billion shares = $0.44 USD = $0.55 CAD
by nozzpack
$Joecanada13 EnjoY Nevada Copper Mine; Ya big block buys going through - The new golden oil - Looks primed for another bull run ^^^^^ )
https://www.msn.com/en-us/money/markets/copper-is-the-new-oil-and-could-reach-15000-by-2025-as-the-world-transitions-to-clean-energy-goldman-sachs-says/ar-BB1fE8bx
https://www.cnbc.com/2021/04/14/goldman-says-copper-is-the-new-oil-raises-price-forecast.html
$Nevada Copper - Pumpkin Hollow Project Extract - will be the great new
copper, silver, gold mine - )
$Nevada Copper Provides Operations Update
April 21, 2021
View PDF
April 21, 2021 –
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)
(“Nevada Copper” or the “Company”) provides a project update for the
underground mine at its Pumpkin Hollow project (the “Underground
Project”).
https://nevadacopper.com/news/nevada-copper-provides-operations-update/
Performance Highlights
First Stopes to Be Mined
The first stope will be mined in the East South Alphabets zone this week.
$The Alphabets zone is expected to carry copper equivalent grade of
approximately 2.5%.
Ventilation Expansion
The electrical upgrades have been completed and the fan bulkhead is in
the final stages of construction for installation of the remaining
underground ventilation fans.
Two additional underground ventilation fans, as previously announced,
are on schedule for installation in May, which should enable further
increases in underground development rates.
The surface ventilation fans remain on schedule for installation in the
third quarter of 2021.
Lateral Development
Lateral development in March increased 69% from February after the
previously announced electrical upgrades were completed.
Lateral development early in the first quarter 2021 was slower than
anticipated due to cautious progress through a water bearing dike.
Progress continues with penetration through the dike.
$Continuing to Increase Mill Throughput Rates
While we are still batch processing ore through the mill, we achieved a
weekly average of 4,700 tons per day (“tpd”) and maximum daily milling
throughput of 5,000 tpd during March.
Concentrate grade continues to be achieved that comply with off-take
specifications.
Concentrate grade has continued to rise, with an average grade of 26%
achieved in March compared to 24% during January and February.
The Company is on schedule to reach steady-state production of
approximately 5,000 tpd in the third quarter of 2021.
“We are pleased with the progress achieved in Q1 despite the challenges
with lateral development and we look forward to the imminent blasting
of our first high grade stopes,” stated Mike Ciricillo, Chief Executive
Officer of Nevada Copper.
“As well as advancing our stope development, we look forward to further
increases in underground development rates as we move closer to steady-
state production in Q3 this year.”
Qualified Persons
The information and data in this news release was reviewed by
Greg French, C.P.G., and Norm Bisson, P. Eng.,
for Nevada Copper, who are non-independent Qualified Persons
within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of
The Pumpkin Hollow Copper Mine project -
Located in Nevada, USA,
$Pumpkin Hollow Mine has substantial reserves and
resources including copper, gold and silver.
Its two fully permitted projects include the high-grade underground mine
and processing facility, which is now in the production stage, and
a large-scale open pit project, which is advancing towards
feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Ciricillo, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
https://nevadacopper.com/news/nevada-copper-provides-operations-update/
https://nevadacopper.com/
$COPPER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO APRIL 2021) (CHART 1)
$Copper prices have indeed found bullish resolution, with copper prices in
the past two days rising to their highest level since February 25 –
the day that the yearly high was established.
With a strong fundamental backdrop, the technical picture looks promising
as well.
Copper prices are above their daily 5-, 8-, 13-, and 21-EMA envelope,
which is in bullish sequential order. Daily MACD
$Nevada copper very Undervalued, oversold @ a bargain -
the Cu investors have not discovered Nevada Copper yet -
its a great opportunity, imo! )
Ex....
$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with
Stephen Gill, chairman
of Nevada Copper, who discusses his company's copper project,
where the underground mine is ramping up production and
the open pit is fully permitted.
https://www.streetwisereports.com/article/2021/04/13/first-new-source-of-copper-supply-in-a-decade-comes-online-in-us.html
https://www.mining.com/goldman-doubles-down-record-high-copper-price-within-a-year/
https://nevadacopper.com/news
https://investorshub.advfn.com/Nevada-Copper-Corp-NEVDF-32771/
http://ow.ly/Ir5Z50EnREY
Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/
Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!
$Nevada Copper - Pumpkin Hollow Project Extract -
https://www.youtube.com/watch?v=fMZC65A7GPk
https://www.youtube.com/watch?v=rFw0OFaTHKs
https://nevadacopper.com/news
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
$SashaC Welcome to Nevada Copper Mine; The new golden oil - Looks primed for another bull run ^^^^^
https://www.msn.com/en-us/money/markets/copper-is-the-new-oil-and-could-reach-15000-by-2025-as-the-world-transitions-to-clean-energy-goldman-sachs-says/ar-BB1fE8bx
https://www.cnbc.com/2021/04/14/goldman-says-copper-is-the-new-oil-raises-price-forecast.html
$Nevada Copper - Pumpkin Hollow Project Extract - will be the great new
copper, silver, gold mine - )
$Nevada Copper Provides Operations Update
April 21, 2021
View PDF
April 21, 2021 –
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)
(“Nevada Copper” or the “Company”) provides a project update for the
underground mine at its Pumpkin Hollow project (the “Underground
Project”).
https://nevadacopper.com/news/nevada-copper-provides-operations-update/
Performance Highlights
First Stopes to Be Mined
The first stope will be mined in the East South Alphabets zone this week.
$The Alphabets zone is expected to carry copper equivalent grade of
approximately 2.5%.
Ventilation Expansion
The electrical upgrades have been completed and the fan bulkhead is in
the final stages of construction for installation of the remaining
underground ventilation fans.
Two additional underground ventilation fans, as previously announced,
are on schedule for installation in May, which should enable further
increases in underground development rates.
The surface ventilation fans remain on schedule for installation in the
third quarter of 2021.
Lateral Development
Lateral development in March increased 69% from February after the
previously announced electrical upgrades were completed.
Lateral development early in the first quarter 2021 was slower than
anticipated due to cautious progress through a water bearing dike.
Progress continues with penetration through the dike.
$Continuing to Increase Mill Throughput Rates
While we are still batch processing ore through the mill, we achieved a
weekly average of 4,700 tons per day (“tpd”) and maximum daily milling
throughput of 5,000 tpd during March.
Concentrate grade continues to be achieved that comply with off-take
specifications.
Concentrate grade has continued to rise, with an average grade of 26%
achieved in March compared to 24% during January and February.
The Company is on schedule to reach steady-state production of
approximately 5,000 tpd in the third quarter of 2021.
“We are pleased with the progress achieved in Q1 despite the challenges
with lateral development and we look forward to the imminent blasting
of our first high grade stopes,” stated Mike Ciricillo, Chief Executive
Officer of Nevada Copper.
“As well as advancing our stope development, we look forward to further
increases in underground development rates as we move closer to steady-
state production in Q3 this year.”
Qualified Persons
The information and data in this news release was reviewed by
Greg French, C.P.G., and Norm Bisson, P. Eng.,
for Nevada Copper, who are non-independent Qualified Persons
within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of
The Pumpkin Hollow Copper Mine project -
Located in Nevada, USA,
$Pumpkin Hollow Mine has substantial reserves and
resources including copper, gold and silver.
Its two fully permitted projects include the high-grade underground mine
and processing facility, which is now in the production stage, and
a large-scale open pit project, which is advancing towards
feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Ciricillo, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
https://nevadacopper.com/news/nevada-copper-provides-operations-update/
https://nevadacopper.com/
$COPPER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO APRIL 2021) (CHART 1)
Copper prices have indeed found bullish resolution, with copper prices in
the past two days rising to their highest level since February 25 –
the day that the yearly high was established.
With a strong fundamental backdrop, the technical picture looks promising
as well.
Copper prices are above their daily 5-, 8-, 13-, and 21-EMA envelope,
which is in bullish sequential order. Daily MACD
$Nevada copper very Undervalued, oversold @ a bargain -
the Cu investors have not discovered Nevada Copper yet -
its a great opportunity, imo! )
Ex....
$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with
Stephen Gill, chairman
of Nevada Copper, who discusses his company's copper project,
where the underground mine is ramping up production and
the open pit is fully permitted.
https://www.streetwisereports.com/article/2021/04/13/first-new-source-of-copper-supply-in-a-decade-comes-online-in-us.html
https://www.mining.com/goldman-doubles-down-record-high-copper-price-within-a-year/
https://nevadacopper.com/news
https://investorshub.advfn.com/Nevada-Copper-Corp-NEVDF-32771/
http://ow.ly/Ir5Z50EnREY
Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/
Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!
$Nevada Copper - Pumpkin Hollow Project Extract -
https://www.youtube.com/watch?v=fMZC65A7GPk
https://www.youtube.com/watch?v=rFw0OFaTHKs
https://nevadacopper.com/news
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with Stephen Gill, chairman
of Nevada Copper, who discusses his company's copper project,
where the underground mine is ramping up production and
the open pit is fully permitted.
https://www.streetwisereports.com/article/2021/04/13/first-new-source-of-copper-supply-in-a-decade-comes-online-in-us.html
https://www.mining.com/goldman-doubles-down-record-high-copper-price-within-a-year/
https://investorshub.advfn.com/Nevada-Copper-Corp-NEVDF-32771/
http://ow.ly/Ir5Z50EnREY
Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/
Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!
$Nevada Copper - Pumpkin Hollow Project Extract -
$Nevada Copper Corp (NEVDF)(TSE:NCU) First New Cu Mine Source of
Copper Supply in the US in a Decade Comes Online
Contributed Opinion
https://www.streetwisereports.com/article/2021/04/13/first-new-source-of-copper-supply-in-a-decade-comes-online-in-us.html
https://nevadacopper.com/investors/videos/
https://nevadacopper.com/investors/presentations/
https://nevadacopper.com/site/assets/files/4209/2021-03-ncu-cp.pdf
https://nevadacopper.com/projects/pumpkin-hollow-overview/
https://nevadacopper.com/projects/underground-mine/
$NCU:TSE / NEVDF Trafigura Sees Green Copper Supercycle Driving Prices
to $15,000
https://bloomberg.com/news/articles/2021-03-23/trafigura-sees-green-copper-supercycle-driving-prices-to-15-000
https://nevadacopper.com/investors/presentations/
$Record Copper Prices Coming Soon
Copper keeps rising. Over $4.30 per lb, the highest price in over a decade. Chile is the world's largest copper producer.
Chile copper export revenue up in January - central bank
$goldbaby thanks; Nevada Copper Corp (NEVDF) Copper Cu $4.06/lb - Great For NEVDF )
Alternate Symbol(s): NCU:TSE | TSE:NCU.W
$Goldman Warns Of Historic Shortage As Copper Explodes Higher
https://www.zerohedge.com/markets/goldman-warns-historic-shortage-copper-explodes-higher
$Nevada Copper Corp (NEVDF) BARCHART Overall Average: 88% BUY
Overall Average: 88% BUY
Overall Average Signal calculated from all 13 indicators.
Signal Strength is a long-term measurement of the historical strength
of the Signal, while Signal Direction is a short-term (3-Day)
measurement of the movement of the Signal.
Barchart Opinion
https://www.barchart.com/stocks/quotes/NEVDF/opinion
$NEVADA COPPER’S PUMPKIN HOLLOW COPPER PROJECT -
https://nevadacopper.com/projects/pumpkin-hollow-overview/
https://nevadacopper.com/news/nevada-copper-completes-key-underground-milestone/
$Nevada Copper - Pumpkin Hollow Project Extract -
Second mine could tap massive copper deposit near Yerington -
Amy AlonzoMason Valley News
View on the west side of the Singatse Range looking north over the
younger rock that covers the Mason Deposit with Singatse Peak the high
point peak to the right.
Numerous exploration roads were built in the 1970s are visible and
cross cut the hillside.
The anticipated open pit would cover most of the viewed area.
The fourth-largest known copper deposit in North America is located
just west of Yerington, and a Canadian-based company is exploring the
feasibility of mining the site.
https://www.rgj.com/story/news/local/mason-valley/2020/02/28/second-copper-mine-could-tap-massive-ore-reserve-near-yerington/4904418002/
A good interview with a previous CEO of Nevada Copper -
Joecanada13 thanks -
A good interview with a previous CEO of Nevada Copper
I hope this is helpful to investors new to this company.
Gives a good overview of the project, project
infrastructure and financials.
https://www.streetwisereports.com/article/2018/06/01/this-company-may-be-north-americas-next-copper-producer.html
Is copper now on its way to $10,000 per ton?
Nov 25, 2020
https://www.youtube.com/watch?v=mdPXTup15VY
AS OF TODAY WE ARE INLINE TO MAKE $150,000,000.- CAD
A YEAR JUST IN COPPER WE STILL MINE AND PROCESS GOLD AND SILVER AND
HAVE OTHER MINES GOING!!!!
Great TIA )
Yes, Copper has been in an uptrend for 6 months - )
Copper following Mother Gold higher like the kid Cu - )
LME Copper inventories have been declining for almost a month.
Should be the perfect storm for Nevada Copper )
Don't underestimate NEVDF
well the copper Cu base metal start hiking UP )
$Copper Chart daily live;
Note....Copper demand is rising, while inventory and supply are falling,
creating a burgeoning red metal bull market -
LT long term trend bullish next 7-10 years - )
https://quotes.ino.com/charting/?s=NYMEX_HG.H21
Longer-Term
In the longer-term LT, the supply side of the copper market continues to
suffer from a lack of new large-scale copper discoveries, which in-tern
means fewer new copper projects are being advanced into production.
Older large-scale operations are making the transition to mining deeper
portions of orebodies and consequently are become more expensive to
operate and less productive as they approach the end of their lives and
NEVDF Nevada Copper is a new Mill a state of the modern art for
Copper, gold and silver )
Long-term demand is expected to be driven by the electrification of
motive transport. Battery-powered electric vehicles (EVs) contain
around 83kg of copper, which is 260% more copper than is used in an
internal combustion engine.
The number of EVs in use globally is
expected to grow by 780% from c. 5mln in 2018 to c. 44 million vehicles
per year by 2030, driving long-term demand for copper.
COPPER Mar 2021 Future
New York Mercantile Exchange › COPPER Mar 2021 (NYMEX:HG.H21)
3.4600 +0.0425 (+1.37%)
2020-11-30 10:59:39, 15 MIN DELAY
https://quotes.ino.com/charting/?s=NYMEX_HG.H21
NEVADA COPPER PROVIDES FINANCING UPDATE - )
https://nevadacopper.com/news/nevada-copper-provides-financing-update/
Yerington, NV – November 24, 2020 –
Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the
“Company’’) is pleased to announce that it has agreed to non-binding terms with its senior lender, KfW
IPEX-Bank GMBH (“KfW”) and is engaged in ongoing discussions with other lenders to provide a
combined financing package of at least US$30 million. )
The Company is working with KfW and the
other lenders with the aim of executing binding agreements for loan facilities and being able to receive
funding thereunder by the end of 2020.
The proposed financing package will provide substantial additional liquidity for Nevada Copper as it
ramps-up operations into 2021.
Under the non-binding term sheet with KfW, it is proposed that KfW
will provide a new US$15 million senior loan, with a three-year tenor, at an interest rate of LIBOR plus
4.9%.
This new KfW loan is expected to have a 12-month repayment holiday period.
In addition,
amortization and debt service account payments under the Company’s existing senior project loan
facility with KfW are expected to be deferred until 2023.
The Company is also in the process of
finalizing the specific terms of an additional complementary financing from other lenders and will
provide an update in due course.
The proposed combined financing package is subject to, amongst other things, finalization of terms
with KfW and the other lenders, negotiation and execution of definitive documentation, satisfaction of
conditions precedent and regulatory approval, if required.
As previously announced on November 10, 2020, Pala Investments Limited (“Pala”), the Company’s
largest shareholder, confirmed that it will continue to provide financial support to the Company until
the end of the year, by which time the Company expects to complete the new financing package.
In
connection with this, Pala has provided the Company with access to additional liquidity of up to US$15
million in the form of a promissory note (the “Promissory Note”).
The Company made an initial draw
of US$2 million under the Promissory Note, with subsequent draws available at the Company’s option,
subject to agreed use of proceeds.
The Promissory Note has a maturity date of January 31, 2021, bears
interest at 8% per annum on amounts drawn, and is expected to be repaid through the funds received
from the US$30 million financing package as outlined above.
The negotiation and approval of the
Promissory Note was supervised on behalf of the Company by the independent members of the
Company’s board of directors.
There can be no assurance that the definitive binding agreements for the proposed financing package as
outlined above will be entered into or that those transactions will be completed.
If the financing package
is not completed, then absent obtaining other financing, the Company may not be able to continue
operations.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project.
Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper,
gold and silver.
Its two fully permitted projects include the high-grade underground mine and
processing facility, which is now in the production stage, and a large-scale open pit project, which is
advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Ciricillo, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 355 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking
----forward-looking statements and
information.
https://nevadacopper.com/news/nevada-copper-provides-financing-update/
As of Thursday, overseas investors will be able to trade copper
futures on the Shanghai International Energy Exchange.
China Wants a Made-in-China Copper Price
Bloomberg
Clara Ferreira Marques
,Bloomberg•November 15, 2020
https://s.yimg.com/uu/api/res/1.2/c1rBekQIwH6CAqSd3bsjXg--~B/aD0yMDIwO3c9MzAwMDtzbT0xO2FwcGlkPXl0YWNoeW9u/
(Bloomberg Opinion) -- China’s next move to open up its commodities markets may be a step change.
As of Thursday, overseas investors will be able to trade copper futures on the Shanghai International Energy Exchange. It’s not the first such product: A yuan-denominated crude oil contract, launched in March 2018, has been modestly successful. A subsequent push to let foreigners trade iron ore in Dalian established a global benchmark. Copper could outshine these efforts, thanks to fortuitous timing, global appetite for an economic bellwether and the sheer clout of the world’s largest consumer.
The ambition is clear. Beijing wants increased pricing power in the commodities markets it dominates, specifically when the country imports that ingredient. It no longer wants to be just a price taker. China also wants to bolster use of the yuan for transactions overseas, part of a sputtering, long-term strategy to raise the profile and influence of the currency. At the same time, the government wants domestic companies to do more to hedge against volatility. Allowing foreigners to trade oil and iron ore — along with rubber, low-sulfur fuel oil and purified terephthalic acid or PTA, a petrochemical derivative — goes some way toward all of that.
Copper promises to be an even bigger advance. The metal is a key indicator for an economy that has recovered faster than the rest of the world from the coronavirus. While there is an existing contract on the Shanghai Futures Exchange, intended for local traders, the new one, traded on subsidiary INE, will be open to foreigners. The contract size is the same, but this one will exclude tax and customs duty, and will be delivered into bonded warehouses, helping it compete actively with the London Metal Exchange.
Benchmarks are hard to create, as the oil market shows. Initiatives to shift away from established U.S. dollar contracts, such as Urals crude on the St. Petersburg exchange, have faltered. Shanghai’s yuan-based contract is the country’s first, and perhaps most dramatic, endeavor in international futures markets. While performing relatively well, it hasn’t become an indispensable benchmark or caught up with Brent and West Texas Intermediate in volume, let alone in open interest, the number of futures contracts outstanding. A worrying spread that opened up in the spring, suggesting a distorted market, has now rebalanced.
Story continues
https://news.yahoo.com/china-wants-made-china-copper-230002402.html
https://nevadacopper.com/news/nevada-copper-provides-operations-update-and-announces-filing-of-q3-2020-financial-statements/
Share Statistics Avg Vol (3 month) 3 1.75M Avg Vol (10 day)
Share Statistics
Avg Vol (3 month) 3 1.75M
Avg Vol (10 day) 3 4.14M
Shares Outstanding 5 1.49B
Float 327.71M
% Held by Insiders 1 41.19%
% Held by Institutions 1 25.21%
Shares Short (Oct. 15, 2020) 4 1.08M
Short Ratio (Oct. 15, 2020) 4 1.38
Short % of Float (Oct. 15, 2020) 4 N/A
Short % of Shares Outstanding (Oct. 15, 2020) 4 0.07%
Shares Short (prior month Sep. 15, 2020) 4 1.21M
https://ca.finance.yahoo.com/quote/NCU.TO/key-statistics?p=NCU.TO
Some short selling have been going on and they should dive
for cover, imo!
RE:RE:RE:What we know so far
RE:
Insider Summary
Last 12 Months
2,531,000 Shares Traded
12 Buys / 2 Sells
https://stockhouse.com/companies/insiders?symbol=t.ncu
Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/
Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!
Nevada Copper - Pumpkin Hollow Project Extract -
$Copper Cu base metal start hiking UP )
$Copper Chart daily live;
Note....Copper demand is rising, while inventory and supply are falling,
creating a burgeoning red metal bull market -
LT long term trend bullish next 7-10 years - )
Longer-Term
In the longer-term, the supply side of the copper market continues to
suffer from a lack of new large-scale copper discoveries, which in-tern
means fewer new copper projects are being advanced into production.
Older large-scale operations are making the transition to mining deeper
portions of orebodies and consequently are become more expensive to
operate and less productive as they approach the end of their lives.
Long-term demand is expected to be driven by the electrification of
motive transport. Battery-powered electric vehicles (EVs) contain
around 83kg of copper, which is 260% more copper than is used in an
internal combustion engine.
The number of EVs in use globally is
expected to grow by 780% from c. 5mln in 2018 to c. 44 million vehicles
per year by 2030, driving long-term demand for copper.
COPPER Mar 2021 Future
New York Mercantile Exchange › COPPER Mar 2021 (NYMEX:HG.H21)
3.4225 +0.0435 (+1.40%)
NEVADA COPPER PROVIDES FINANCING UPDATE )
https://nevadacopper.com/news/nevada-copper-provides-financing-update/
Yerington, NV – November 24, 2020 –
Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the
“Company’’) is pleased to announce that it has agreed to non-binding terms with its senior lender, KfW
IPEX-Bank GMBH (“KfW”) and is engaged in ongoing discussions with other lenders to provide a
combined financing package of at least US$30 million. )
The Company is working with KfW and the
other lenders with the aim of executing binding agreements for loan facilities and being able to receive
funding thereunder by the end of 2020.
The proposed financing package will provide substantial additional liquidity for Nevada Copper as it
ramps-up operations into 2021.
Under the non-binding term sheet with KfW, it is proposed that KfW
will provide a new US$15 million senior loan, with a three-year tenor, at an interest rate of LIBOR plus
4.9%.
This new KfW loan is expected to have a 12-month repayment holiday period.
In addition,
amortization and debt service account payments under the Company’s existing senior project loan
facility with KfW are expected to be deferred until 2023.
The Company is also in the process of
finalizing the specific terms of an additional complementary financing from other lenders and will
provide an update in due course.
The proposed combined financing package is subject to, amongst other things, finalization of terms
with KfW and the other lenders, negotiation and execution of definitive documentation, satisfaction of
conditions precedent and regulatory approval, if required.
As previously announced on November 10, 2020, Pala Investments Limited (“Pala”), the Company’s
largest shareholder, confirmed that it will continue to provide financial support to the Company until
the end of the year, by which time the Company expects to complete the new financing package.
In
connection with this, Pala has provided the Company with access to additional liquidity of up to US$15
million in the form of a promissory note (the “Promissory Note”).
The Company made an initial draw
of US$2 million under the Promissory Note, with subsequent draws available at the Company’s option,
subject to agreed use of proceeds.
The Promissory Note has a maturity date of January 31, 2021, bears
interest at 8% per annum on amounts drawn, and is expected to be repaid through the funds received
from the US$30 million financing package as outlined above.
The negotiation and approval of the
Promissory Note was supervised on behalf of the Company by the independent members of the
Company’s board of directors.
There can be no assurance that the definitive binding agreements for the proposed financing package as
outlined above will be entered into or that those transactions will be completed.
If the financing package
is not completed, then absent obtaining other financing, the Company may not be able to continue
operations.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project.
Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper,
gold and silver.
Its two fully permitted projects include the high-grade underground mine and
processing facility, which is now in the production stage, and a large-scale open pit project, which is
advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
Mike Ciricillo, President and CEO
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 355 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking
----forward-looking statements and
information.
https://nevadacopper.com/news/nevada-copper-provides-financing-update/
As of Thursday, overseas investors will be able to trade copper
futures on the Shanghai International Energy Exchange.
China Wants a Made-in-China Copper Price
Bloomberg
Clara Ferreira Marques
,Bloomberg•November 15, 2020
https://s.yimg.com/uu/api/res/1.2/c1rBekQIwH6CAqSd3bsjXg--~B/aD0yMDIwO3c9MzAwMDtzbT0xO2FwcGlkPXl0YWNoeW9u/
(Bloomberg Opinion) -- China’s next move to open up its commodities markets may be a step change.
As of Thursday, overseas investors will be able to trade copper futures on the Shanghai International Energy Exchange. It’s not the first such product: A yuan-denominated crude oil contract, launched in March 2018, has been modestly successful. A subsequent push to let foreigners trade iron ore in Dalian established a global benchmark. Copper could outshine these efforts, thanks to fortuitous timing, global appetite for an economic bellwether and the sheer clout of the world’s largest consumer.
The ambition is clear. Beijing wants increased pricing power in the commodities markets it dominates, specifically when the country imports that ingredient. It no longer wants to be just a price taker. China also wants to bolster use of the yuan for transactions overseas, part of a sputtering, long-term strategy to raise the profile and influence of the currency. At the same time, the government wants domestic companies to do more to hedge against volatility. Allowing foreigners to trade oil and iron ore — along with rubber, low-sulfur fuel oil and purified terephthalic acid or PTA, a petrochemical derivative — goes some way toward all of that.
Copper promises to be an even bigger advance. The metal is a key indicator for an economy that has recovered faster than the rest of the world from the coronavirus. While there is an existing contract on the Shanghai Futures Exchange, intended for local traders, the new one, traded on subsidiary INE, will be open to foreigners. The contract size is the same, but this one will exclude tax and customs duty, and will be delivered into bonded warehouses, helping it compete actively with the London Metal Exchange.
Benchmarks are hard to create, as the oil market shows. Initiatives to shift away from established U.S. dollar contracts, such as Urals crude on the St. Petersburg exchange, have faltered. Shanghai’s yuan-based contract is the country’s first, and perhaps most dramatic, endeavor in international futures markets. While performing relatively well, it hasn’t become an indispensable benchmark or caught up with Brent and West Texas Intermediate in volume, let alone in open interest, the number of futures contracts outstanding. A worrying spread that opened up in the spring, suggesting a distorted market, has now rebalanced.
Story continues
https://news.yahoo.com/china-wants-made-china-copper-230002402.html
https://nevadacopper.com/news/nevada-copper-provides-operations-update-and-announces-filing-of-q3-2020-financial-statements/
Share Statistics Avg Vol (3 month) 3 1.75M Avg Vol (10 day)
Share Statistics
Avg Vol (3 month) 3 1.75M
Avg Vol (10 day) 3 4.14M
Shares Outstanding 5 1.49B
Float 327.71M
% Held by Insiders 1 41.19%
% Held by Institutions 1 25.21%
Shares Short (Oct. 15, 2020) 4 1.08M
Short Ratio (Oct. 15, 2020) 4 1.38
Short % of Float (Oct. 15, 2020) 4 N/A
Short % of Shares Outstanding (Oct. 15, 2020) 4 0.07%
Shares Short (prior month Sep. 15, 2020) 4 1.21M
https://ca.finance.yahoo.com/quote/NCU.TO/key-statistics?p=NCU.TO
Some short selling have been going on and they should dive
for cover, imo!
RE:RE:RE:What we know so far
RE:
Insider Summary
Last 12 Months
2,531,000 Shares Traded
12 Buys / 2 Sells
https://stockhouse.com/companies/insiders?symbol=t.ncu
Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/
Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!
Nevada Copper - Pumpkin Hollow Project Extract -
Kerr Mines & Beaver Creek, Colorado September PRESENTATION
http://static.gowebcasting.com/documents/files/events/event_00002882_1iMpn6XW.pdf
Kerr Mines Inc.
Claudio Ciavarella, CEO;
Peter Damouni, Director
Amazingly, the Copperstone Mine in Arizona contains vast amounts of copper adjacent to Kerr’s high-grade gold Resources...
TSX: KER https://kerrmines.com/
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/21/kerr-mines-inc/play/stream/25969
Copper Futures Has Been Melting Lower, Watch This Bounce Level
Copper futures (HG-U18) have been falling sharply lower over the past five weeks. The industrial metal topped out on June 7, 2018 at $3.31. Since that high pivot, copper futures have fallen lower by over 16.0 percent. Today, copper futures are trading around the $2.79 level.
Traders should remember, the strong U.S. Dollar will generally hurt the price of copper and most other commodities. The U.S. Dollar bottomed out earlier this year and continues to remain near nine month highs. The pattern in the $ U.S. Dollar Index (DX-U18) chart is indicating more consolidation near term, so that could be positive for copper very soon.
Traders should watch copper futures (HG-U18) around the $2.62 level. This is where the 200-week moving average is currently at. There is also a lot chart support around this level as this is where copper futures formed a basing pattern back in the first half of 2017. Some major copper equities that could benefit from a bounce are Southern Copper (NYSE:SCCO) and Freeport McMoRan Inc (NYSE:FCX ).
Nicholas Santiago
InTheMoneyStocks
BIG TROUBLE FOR COPPER: The Breakdown Of The Industry Has Begun
by SRSrocco
October 13, 2016
https://srsroccoreport.com/big-trouble-for-copper-the-breakdown-of-the-industry-has-begun/
‘Dr. Copper’ plunges to US$2 for first time since 2009: ‘Things are quite horrible and about to get worse’
Peter Koven | November 24, 2015 8:10 PM ET
http://business.financialpost.com/news/mining/dr-copper-plunges-to-us2-for-first-time-since-2009-things-are-quite-horrible-and-about-to-get-worse
8:33 AM The SEC pushes back an approval deadline for BlackRock's copper ETF just days after approving JPMorgan's offering. As with the JPM fund, lawmakers and those in the industry worry a physical ETF could draw inventory from the world supply, raising both the price and price volatility
Konkola Copper & Cobalt Mine, Zambia -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80108064
Konkola North, the second-largest known resource in the Zambian copperbelt -
Zambia is famous for its significant reserves of copper and
cobalt, located in the Zambian Copperbelt province, however,
the country is also a miner and producer of selenium and
silver. Gold, platinum, and palladium are also produced as
a by-product of copper mining.
In 2001, the first full year mining operated as a privatised
industry, Zambia recorded its first year of increased
productivity since 1973. Further, surging copper prices from
2004 to the present day has rapidly rekindled international
interest in Zambia’s copper sector.
Mining Weekly takes a look at some of the flagship projects in the landlocked country.
Caledonia Mining Corporation -
("Caledonia") (TSX: CAL, NASDAQ-OTCBB: CALVF and AIM: CMCL)
is pleased to announce the signing of a cobalt off-take agreement
with a large Chinese refiner.
Under the terms of the agreement, Caledonia will supply a minimum
of 21,000 tonnes of cobalt metal equivalent in the form of cobalt
hydroxide from its Nama Cobalt Project over the next six years.
The agreement specifies that the price shall be based on the
published monthly average for 99..3% cobalt from the London Metal
Exchange, and contains a guaranteed "Take or Pay" minimum cobalt
price of US$12/lb of cobalt metal.
The agreement is renewable.
Caledonia Mining Corp (CAL) Key Statistics for CALVF/CAL -
talk about GOLD bargain -
http://www.bloomberg.com/quote/CAL:CN/key-statistics
Some good info here:
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80097093
First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds
4:43 PM 9/20/2012 - Business Wire
WHEATON, Ill.--(BUSINESS WIRE)--Sep. 20, 2012-- First Trust Advisors L.P. (“FTA”) announces the declaration of the regular quarterly distributions for 45 exchange-traded funds advised by FTA.
The following dates apply to today’s distribution declarations:
Expected Ex-Dividend Date: September 21, 2012
Record Date: September 25, 2012
Payable Date: September 28, 2012
Per
Share
Ticker
Exchange
Fund Name
Frequency
Amount
FirstTrust Exchange-Traded Fund
FDM NYSE Arca First Trust Dow Jones Select MicroCap IndexSM Fund Quarterly $ 0.0291
FDL NYSE Arca First Trust Morningstar Dividend LeadersSM Index Fund Quarterly $ 0.1796
FPX NYSE Arca First Trust US IPO Index Fund Quarterly $ 0.1065
FDV NYSE Arca First Trust Strategic Value Index Fund Quarterly $ 0.0871
FVI NYSE Arca First Trust Value Line® Equity Allocation Index Fund Quarterly $ 0.0667
FVD NYSE Arca First Trust Value Line® Dividend Index Fund Quarterly $ 0.1247
FRI NYSE Arca First Trust S&P REIT Index Fund Quarterly $ 0.0875
FIW NYSE Arca First Trust ISE Water Index Fund Quarterly $ 0.0267
FCG NYSE Arca First Trust ISE-Revere Natural Gas Index Fund Quarterly $ 0.0050
FNI NYSE Arca First Trust ISE Chindia Index Fund Quarterly $ 0.1197
FVL NYSE Arca First Trust Value Line® 100 Exchange-Traded Fund Quarterly $ 0.0231
QQEW NASDAQ First Trust NASDAQ-100 Equal Weighted IndexSM Fund Quarterly $ 0.0944
QTEC NASDAQ First Trust NASDAQ-100-Technology Sector IndexSM Fund Quarterly $ 0.1308
QQXT NASDAQ First Trust NASDAQ-100 Ex-Technology Sector IndexSM Fund Quarterly $ 0.1216
QCLN NASDAQ First Trust NASDAQ® Clean Edge® Green Energy Index Fund Quarterly $ 0.0734
QABA NASDAQ First Trust NASDAQ® ABA Community Bank Index Fund Quarterly $ 0.0866
VIXH NYSE Arca First Trust CBOE S&P 500 VIX Tail Hedge Fund Quarterly $ 0.0159
FirstTrust Exchange-Traded Fund II
FDD NYSE Arca First Trust STOXX® European Select Dividend Index Fund Quarterly $ 0.0769
FFR NYSE Arca First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund Quarterly $ 0.2276
FGD NYSE Arca First Trust Dow Jones Global Select Dividend Index Fund Quarterly $ 0.2425
FAN NYSE Arca First Trust ISE Global Wind Energy Index Fund Quarterly $ 0.0878
GRID NASDAQ
First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund
Quarterly $ 0.0885
BICK NASDAQ First Trust BICK Index Fund Quarterly $ 0.1104
CU NASDAQ First Trust ISE Global Copper Index Fund Quarterly $ 0.3206
PLTM NASDAQ First Trust ISE Global Platinum Index Fund Quarterly $ 0.0374
FONE NASDAQ First Trust NASDAQ CEA Smartphone Index Fund Quarterly $ 0.0891
CARZ NASDAQ First Trust NASDAQ Global Auto Index Fund Quarterly $ 0.0247
FirstTrust Exchange-Traded Fund IV
EMLP NYSE Arca First Trust North American Energy Infrastructure Fund Quarterly $ 0.1100
Caledonia Mining CALVF EPS: $0.04 (earning per share)
CALVF EPS: $0.04 (earning per share)
CALVF - NO DEBT -
CALVF lowest cost GOLD producer current appr.
Au 50,000 ounces/year -
CALVF GOLD production total cost below $600 per ounce -
CALVF GOLD production plant only running @ half capacity -
CALVF Blanket Gold Mines starting up 3 more Gold Mines with
close trucking distance from the main production plant -
CALVF holding about $20 million in cash -
CALVF NAMA Zambia 800 Sq.Km Copper & Cobalt resource may
become one of the largest in the world with current ongoing drilling
CALVF Blanket's cash operating costs in the Quarter decreased
to US$547 per ounce of gold produced from US$648 in the
preceding quarter and US$585 in the comparable quarter.
The decrease in cash costs was due to the higher gold
production during the Quarter and the non-recurrence of certain
costs which temporarily increased the average cost per ounce in
the preceding quarter.
CALVF Blanket Gold Mine production in July 2012 was 4,708 ounces.-
http://tmx.quotemedia.com/quote.php?qm_symbol=CALVF:US
http://tmx.quotemedia.com/article.php?newsid=53508760&qm_symbol=CAL
http://tmx.quotemedia.com/quote.php?qm_symbol=CAL
CALEDONIA #1 SCOTTISH RIGHT WAY TO GO -
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77590652
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76118595
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77214768
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77192196
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77294660
CALEDONIA Celtic Thunder -
NYBob, great charts, as usual.
QE3 seems to be a factor in all commodity rises recently!
Dollar will eventually crash with debt levels.
sumi
CALVF $COPPER - Spot Price TA Alert ST CuBull Start BreakOut Run -
CALVF $COPPER - Spot Price TA Alert LT CuBull Start
BreakOut Run -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79609337
God Bless
Caledonia Mining boost from Zambia drill results -
http://www.proactiveinvestors.co.uk/companies/news/46628/caledonia-mining-boost-from-zambia-drill-results-46628.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79552554
http://www.caledoniamining.com/nam1.php
CALVF Insider Pinetree Capital Ltd major shareholder -
& Inwentash, Sheldon Chairman & CEO of Pinetree -
Insiders buying more Caledonia mining -
http://canadianinsider.com/node/7?ticker=CAL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78683901
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
CALEDONIA #1 SCOTTISH RIGHT WAY TO GO -
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
CALEDONIA Celtic Thunder -
CALVF Chart TA LT Top Trend Line Well Above fiat$10.- per share -
Great history often repeat itself -
http://www.caledoniamining.com
CALEDONIA GOLD #1 SCOTTISH RIGHT WAY TO GO -
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
CALEDONIA GOLD Celtic Thunder -
CALVF Next door to the Nama deposit,
E.g., Brazilian diversified
mining giant Vale is building a $400-million mine at
Konkola North -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78761632&txt2find=nama
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78669931&txt2find=nama
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78374452
http://www.caledoniamining.com/nam1.php
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73600957
http://www.proactiveinvestors.co.uk/companies/news/46628/caledonia-mining-boost-from-zambia-drill-results-46628.html
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=8590980&SessionID=ieVoFS_o2Hpo2D7
Caledonia progresses NAMA in Zambia & Blanket Gold Mines -
http://www.cajnewsagency.com/index.php/mining-a-engineering/1072-caledonia-progresses-in-zambia
http://www.ukzambians.co.uk/home/2011/05/13/nkana-smelter-sale-kcm/konkola-copper-mines-plc/
Gold prices jump to 2-1/2 month highs
Posted on August 21, 2012 by (Reuters) News
21-Aug (Reuters) — Gold prices hit their highest since June 6
on Tuesday as the dollar slid to a six-week low
against a currency basket and stock markets rallied, while
platinum hit 3-1/2 month highs -
A breach of chart resistance for gold at $1,630 an ounce, which
has held it in check since early June, sparked further
technically driven buying, dealers said, fuelling momentum.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78688305
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78500778
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78741313
NAMA KONKOLA EAST TARGET DRILLING ONGOING --
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78669931
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78664695
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78558258
CALEDONIA #1 SCOTTISH RIGHT WAY TO GO -
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
CALEDONIA Celtic Thunder -
johnsyn Welcome back Caledonia Mining Corporation (CALVF
Great Shona Mashona Masonic Golden Key Zimbabwe -
the largest Queen Sheba Gold Aubelt in Africa -
http://investorshub.advfn.com/boards/replies.aspx?msg=59249631
We're looking at a great time to stock up....@@..
CALVF
low cost Gold producing $521/oz bargain
and owns the great NAMA copper belt properties -
I have a gut feeling many will be looking to get into
CALVF.... look out...GOLD & Copper....
NAMA KONKOLA EAST TARGET DRILLING ONGOING --
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73729370
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73639577
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73601428
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73600957
just hope they don't get the strikers
johnsyn welcome back Caledonia Mining Corporation (CALVF
We're looking at a great time to stock up....@@..
CALVF
low cost Gold producing $521/oz bargain
and owns the great NAMA copper belt properties -
I have a gut feeling many will be looking to get into
CALVF.... look out...GOLD & Copper....
NAMA KONKOLA EAST TARGET DRILLING ONGOING --
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73729370
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73639577
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73601428
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73600957
Konkola Copper Mines unit in Zambia -
has inaugurated a new US$100 million concentrator at its
Nchanga open cut Vedata copper mine -
The copper cathode - REC brand is a Grade A from the refinery
at Nkana and is listed on the London Metal Exchange.
The KBC product is a Grade A product from the Tailings Leach
Plant tank houses in Chingola, undergoing LME
registration.KCM's copper cathodes from the Nchanga smelter and
produced from the Nkana refinery have a purity level of
99.99 per cent copper.
These cathodes meet international quality standards and are
registered as "REC" ("A" Grade) on the London Metal Exchange
("LME").
Konkola Copper Mines KCM also produces a Kabundi copper
cathode, which is marketed as
"KBC" from its TLP at Nchanga and is in the process of
being registered with the LME.
Cobalt -
With the commissioning of KCM's new Nchanga smelter,
KCM Konkola Copper Mines is able to recover cobalt in copper
concentrates.
This cobalt, which is produced in the form of a copper-cobalt
alloy, is marketed to cobalt processing plants.
In addition to cobalt alloy, the Company produces cobalt.
Cobalt concentrate is derived from cobalt ore that is mined at
Konkola Copper Mines KCM's Nchanga Open-Pit Cut II operations.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73729370
Caledonia reveals exciting new aspect at Nama project -
12 March 2012 | 10:00am
StockMarketWire.com -
Caledonia Mining has revealed a new and very exciting aspect to the Nama copper/cobalt project in Zambia.
It said the latest drilling results differed markedly in mineralisation style to other properties in the region in that the zone.
It says this zone of mineralisation occurs at relatively shallow depth relative to the depth of the ore shale in the area and possibly extends to surface.
Chief executive and president Stefan Hayden said: "A sufficiently large, near-surface resource depth may therefore provide the basis for a future open-pit mining operation.
"The 2012 exploration programme will commence as soon as the rains and ground condition allow during the second quarter.
"The results should allow us to confirm and further refine our model of Nama's geology and copper resources potential."
Caledonia has sufficient cash to complete the 2012 exploration programme and intends to manage its cash resources so that it can undertake further work at Nama without raising new equity.
At 10:00am: (LON:CMCL) share price was +0.25p at 7.75p
Story provided by StockMarketWire.com
http://www.stockmarketwire.com/article/4326712/Caledonia-reveals-exciting-new-aspect-at-Nama-project.html
CALVF major shareholder Sheldon Inwentash, Bought another 50,000 shares
for himself yesterday after the NAMA N/R -
http://canadianinsider.com/node/7?ticker=CAL
http://www.caledoniamining.com/pdfs/03122012.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73189127
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73179546
dd.....
Caledonia Mining's Blanket Gold Mine producing
Gold 40,000oz/year - target Au 100,000 ounces -
low production cost Gold @ Au $583/oz - NO DEBT -
owns many great old gold mines workings
to expand to and re-commission -
dd....CALVF Gold Mine producer bargain play -
with many massive Gold fields to reactivate -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70179112
- if you have any Q's don't hesitate to ask -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70259598&txt2find=nama
http://www.caledoniamining.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73455882
God Bless
Caledonia Mining Corporation Nama Copper/Cobalt Exploration Project, Zambia: Summary of Results of the 2011 Exploration Programme and Outline of the 2012 Exploration Programme -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73179546
http://finance.yahoo.com/news/nama-copper-cobalt-exploration-project-123200362.html
Copper prices to remain high in 2012
Despite some price retracing in 2011, the copper physical market fundamentals remain strong; with liquid stocks near an all-time low. China’s growth will continue to underpin copper’s performance although it may not be the “market saviour” that it was in 2009. In the longer term, according to Intierra Resource Intelligence, increased mine supply will temporarily overwhelm the market. This will create a dip in the price of copper from 2014 to 2017 followed by a recovery in the last part of the decade. Production costs will become more of a factor in determining the price of copper and these costs are higher than in the past.
Intierra’s Executive Director, Glen Jones, will present Copper: Market Dynamics and the Exploration Pipeline at the PDAC 2012 Conference in Toronto, Canada on Sunday March 4 at 2:15 pm. This talk is part of the Commodities and Market Outlook session.
The PDAC four-day annual Convention held in Toronto, Canada has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry. In addition to meeting over 1,000 exhibitors and 27,000 attendees from 120 countries, it allows the opportunity to attend technical sessions, short courses, the Prospector’s Tent, the Core Shack as well as social and networking events.
INTERNATIONAL MINING
8:15 AM The Chinese use of copper in financing schemes takes another turn as some banks begin suspending loans against the metal after finding companies using the same collateral to apply for loans from more than one lender. While putting a number on it is impossible, the practice is almost certainly a source of false demand for the metal.
Caledonia Mining says it will maintain a low cost base for its Zimbabwe gold production -
CALVF NAMA Drilling of the World Class Copper & Cobalt -
mine project with four holes at the Konkola East target -
area started in March 2011 and the results of this programme
are all expected to be released in the beginning of this year -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69415778
http://www.caledoniamining.com/nam1.php
CALVF has so much interesting gold land and 100s of
old gold workings to explore since the workings going
historic since 1000s of years back it must be a lot
of geological fun work -
Caledonia has so much work to be done; that CALVF who owns
the historic 1st gold working mill in 1871 of large old
gold mines property of the -
Eesrsteling Gold Mines in SA -
http://www.docstoc.com/docs/32719706/EERSTELING-GOLD-MINING-COMPANY-LIMITED
Eesrsteling Gold Mine Background -
- had to be put on the backburner
to more work been done of all the Blanket Zim gold fields
Au mines etc.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70259598&txt2find=nama
God Bless
The Colour Of Money?
Mikkel Schau’s Vancouver Island Kringle Claim is Prospective for Copper
By Kevin Michael Grace
Mikkel Schau was driving up north Vancouver Island on the Island Highway and saw that it was stained green. Few would have paid much attention to this anomaly, but Schau is a geologist and prospector. To him, the significance of the stain was immediate: “malachite,” ie, copper carbonate. So, he relates, “I staked that. Then I went across and started looking at the logging roads.”
That was a decade ago. He has since assembled the Kringle-Consolidated Claim Group, 21 claims totalling 4,641 hectares. Schau believes the package is highly prospective for copper, and his samples agree. Now his aim is to persuade a mining company to agree as well.
Read the rest of this article. http://www.resourceclips.com/2012/01/16/the-colour-of-money/
Hey everyone, check out Kringle Copper. Looks like they have an great thing happening on Vancouver Island with that deposit, especially if the price of metals continues to rise. http://www.kringlecopper.com.
Cheers,
S
March copper closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 343.51 would
confirm that a short-term low has been posted. If March renews the decline off December's high, the 75% retracement level of October's rally crossing at 320.71 is the next downside target. First resistance is the 20-day moving average crossing at 343.51. Second resistance is December's high crossing at 367.40. First support is December's low crossing at 323.25. Second support is the 75% retracement level of October's rally crossing at 320.71. SEEKING ALPHA
Copper and oil look good in 2012: Scotiabank
Andrew Topf | December 23, 2011
.A major Canadian bank is predicting better months ahead for copper and oil.
After falling for three consecutive months, Scotiabank’s Commodity Price Index showed a one percent gain in November, boosted by a sharp rebound in oil and firmer base metals prices.
Top 2011 performers in the index, according to Scotiabank, were sulphur, coking coal, potash, and hogs and cattle. Gold came seventh in the index with a 14.6% gain between late 2010 and mid-December of this year.
The bank noted that copper is in a supply deficit situation currently, and is likely to remain so in 2012 even with a 6% increase in world mined copper compared to a meagre 0.4% increase in 2011.
That will continue to put upward pressure on prices, notes Scotiabank commodities market specialist Patricia Mohr, who added that demand in China is likely to pick up soon:
“Much of the recent pickup in refined copper imports into China has reflected stockpiling by property developers for use as collateral for bank credit,” said Mohr. “However, China’s fabrication demand should strengthen again next spring, with prices surging back to US$4. Copper prices could average just under the US$4 mark through much of 2013.”
Mohr is also bullish on oil, pointing to rising prices for Brent crude, which was hovering around $107 a barrel on Thursday:
“One of my top picks is oil because, despite a lot of uncertainty in the global economy, weak performance in the Euro zone and slow growth in United States, oil prices have remained strong,” she told The Halifax Chronicle-Herald.
Zinc prices are also expected to pick up in 2012 and come on strong mid-decade due to dwindling supply, the newspaper reported.
MINING.COM
Copper set for worst performance since 2008 as China says ‘global recession is certain’
Frik Els | November 21, 2011 MINING.COM
Reuters reports copper hit its lowest in nearly a month on Monday as investors, already mired in worries over Europe’s debt, digested news that US plans to combat debt are in disarray and took in warnings from China about gloomy global growth prospects.
While US politicians’ inability to reach consensus on tackling the country’s debt problems was greeted with little surprise and the Europe crisis has been foremost in investors’ minds for months, the statements by China’s Vice Premier overnight really knocked sentiment. Wang Qishan said that a long-term global recession is certain to happen and China must focus on domestic problems. China is the world’s top copper consumer, taking in about 40% of the world’s copper versus Europe that accounts for 19% of demand.
In early morning trade Monday in New York December copper declined 2.9% to $3.30 a pound. Copper has declined 22% to $7,525 a metric ton on the London Metal Exchange this year, heading for the first annual drop since 2008.
Reuters reports with so little to cheer on the macro side, investors took some comfort from data showing copper stocks, seen to signal demand strength, continued their relentless slide in LME warehouses.
On Friday Bloomberg reported 11 of 23 copper traders surveyed expect the metal to decline, the second consecutive week that their outlook worsened and the highest proportion since Sept. 23. The last time so many were bearish, prices dropped 4.6% the following week.
It’s worse than you think: Dr. Copper is Dead
Frik Els | November 23, 2011 MINING.COM
Reuters reports copper hit a one-month low on Wednesday, pressured by worries about the outlook for demand after factory growth in top consumer China slowed in November, a poor bond sale in Germany intensified concerns about the euro zone debt crisis and US efforts to tackle its budget flounders.
Three-month contracts for the red metal fell to a one-month low at $7,168 a tonne in intra-day trade in London and extended its losses in New York where it was trading at $3.27 a pound by early afternoon, its lowest level since October 25 and down 30% from its 2011 high of $4.61 set in February.
Copper used in the power, telecoms and construction sectors is often seen as a barometer for economic growth, but a new research report suggests “Dr. Copper is Dead” and that the red metal, along with oil, have actually been lagging other economic indicators.
In short: things may well be even worse than the fall in the copper price suggests. BusinessInsider quotes the research note from investment bank SocGen:
“Doctor Copper is dead because copper prices will, in our view, not be leading the ongoing slowdown of the global economy. Investors who use the copper price as a leading indicator for the current business cycle downturn are likely to be disappointed as copper is likely to lag other leading indicators. The reason for this is simple: the physical copper market is tight and has tightened further over recent months. The same is true for oil. The physical crude oil market is extremely tight at present, which explains why crude oil prices have been very resilient despite the terrible newsflow coming out of Europe and fears of a global recession.”
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