NovaCopper (NCQ)

[Happycoins]

Tmq is the new symbol last at 2.53 huge run up over the last year

[economics101]

It's recovered nicely from the drop after Paulson's sale. Maybe it'll make another move later this year?

[geocam]

Looks like it might come back to where I sold... S-4's are Paulson selling shares.

[economics101]

Looks like you missed your opportunity. I wish I got some when it was at 0.18, it hit 0.82 today!!

[geocam]

Probably because I sold... lol. I will have to get back in on the next dip; it might bounce up nicely.

[economics101]

Huge day today. Any idea why?

[geocam]

$NCQ .41 pps 50 MA about to cross the 200 MA on the daily chart Pivot .395

http://stockcharts.com/h-sc/ui?s=NCQ&p=D&b=5&g=0&id=p92000484003

[stocktrademan]

$NCQ recent news/filings

bullish 0.39
appears to have been active recently with possible name change to Trilogy Metals and other non mining focused objectives however...


$NCQ charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$NCQ company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/NCQ/company-info
Ticker: $NCQ

$NCQ extra dd links

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=NCQ+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=NCQ+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=NCQ+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/news - http://finance.yahoo.com/q/h?s=NCQ+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/NCQ/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=NCQ+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/NCQ

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/NCQ
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=NCQ&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=NCQ
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=NCQ+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=NCQ+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=NCQ
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=NCQ
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=NCQ+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/NCQ/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=NCQ+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/NCQ.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=NCQ
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/NCQ
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/NCQ
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/NCQ:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=NCQ
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NCQ
StockTwits (stocktwits.com): http://stocktwits.com/symbol/NCQ


$NCQ DD Notes ~ http://www.ddnotesmaker.com/NCQ

[Timothy Smith]

NovaCopper (NYSEMKT:NCQ): Q3 EPS of $0.04 vs. $0.05 in 3Q14

[stocktrademan]

$NCQ recent news/filings

bullish breakout over moving averages
high volume
bullish divergence
stochastics crossup
aroon indicator green over red and green above 70 strongly bullish
acc/dist line climbing


http://www.novacopper.com/s/Home.asp

Ambler Mining District northwest a few hundred miles of Fairbanks, Alaska

## source: finance.yahoo.com

Thu, 16 Jul 2015 17:04:07 GMT ~ NOVACOPPER INC. Financials


read full: http://finance.yahoo.com/q/is?s=ncq
*********************************************************

Wed, 15 Jul 2015 18:58:53 GMT ~ NOVACOPPER INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits


read full: http://biz.yahoo.com/e/150715/ncq8-k.html
*********************************************************

Fri, 10 Jul 2015 20:53:00 GMT ~ NovaCopper Commences Work on the Arctic Deposit Pre-Feasibility Study and Announces Second Quarter Financial Results

[PR Newswire] - VANCOUVER, July 10, 2015 /PRNewswire/ - NovaCopper Inc. (TSX, NYSE-MKT: NCQ) ("NovaCopper" or "the Company") announces the start of work on the Arctic pre-feasibility study and its financial results for the second quarter ended May 31, 2015. Details of the Company's financial results are contained in the unaudited consolidated financial statements and Management's Discussion and Analysis which will be available on the Company's website at www.novacopper.com, on SEDAR at http://www.sedar.comand on EDGAR at www.sec.gov.

read full: http://finance.yahoo.com/news/novacopper-commences-arctic-deposit-pre-205300420.html
*********************************************************

Fri, 10 Jul 2015 20:53:00 GMT ~ NovaCopper Commences Work on the Arctic Deposit Pre-Feasibility Study and Announces Second Quarter Financial Results

[CNW Group] - NovaCopper Commences Work on the Arctic Deposit Pre-Feasibility Study and Announces Second Quarter Financial Results

read full: http://finance.yahoo.com/news/novacopper-commences-arctic-deposit-pre-205300445.html
*********************************************************

Fri, 10 Jul 2015 19:15:47 GMT ~ NOVACOPPER INC. Files SEC form 8-K, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits


read full: http://biz.yahoo.com/e/150710/ncq8-k.html
*********************************************************

$NCQ charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$NCQ company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/NCQ/company-info
Ticker: $NCQ
OTC Market Place: Not Available
CIK code: not found
Company name: NovaCopper Inc.
Incorporated In:

Business Description:

$NCQ share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available

$NCQ extra dd links

Company name: NovaCopper Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=NCQ+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=NCQ+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=NCQ+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/news - http://finance.yahoo.com/q/h?s=NCQ+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/NCQ/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=NCQ+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/NCQ
DTCC (dtcc.com): http://search2.dtcc.com/?q=NovaCopper+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=NovaCopper+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=NovaCopper+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/NCQ
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=NCQ&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=NCQ
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=NCQ+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=NCQ+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=NCQ
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=NCQ
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=NCQ+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/NCQ/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=NCQ+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/NCQ.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=NCQ
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/NCQ/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/NCQ/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/NCQ
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/NCQ
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/NCQ:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=NCQ
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NCQ



$NCQ DD Notes ~ http://www.ddnotesmaker.com/NCQ

[Belek]

Paulson & Co Boosts NovaCopper & Cobalt International Energy Stakes

Posted: 12 Aug 2014 11:13 AM PDT
John Paulson's hedge fund firm Paulson & Co has filed two 13G's with the SEC.

NovaCopper (NCQ)

First, Paulson's amended 13G on Novacopper (NCQ) indicates that they now own 18.3% of the company with over 11.5 million shares.

This marks an increase of over 5.59 million shares since the end of the first quarter. The filing was made due to activity on July 31st.

Per Google Finance, Novacopper is "a base metals exploration company. The Company is engaged in the exploration and development of mineral properties, including the Arctic and Bornite Projects located in Northwest Alaska in the United States of America. Its exploration activities are focused on two deposits in the Ambler district: the Arctic VMS deposit and the Bornite carbonate replacement deposit."

[RonnieD]

Took a long-term position here at .95/.96 yesterday.
Premier deposits are a long way from being fully developed,
but they are world class. Watched it retreat from 1.20
to .90s and went long. The kicker was the initiation of
coverage by H.G. Wainwright with a $2.00 price target.

[TechKim]

Even though the cash burn ratio is down. I see no immediate plans to turn to production for a source of cash. It is my opinion that there will be another round(s) of some sort of dilution. From what I have read. I can only assume that it may be 2015 before some significant production takes place. Simply, because I have not read of 2014 production schedule plans.

opinion.

[Tommy]

$NCQ - NovaCopper: Irrational ETF Selling Could Mean A Multi-Bagger

Dec 19 2013, 09:45 | 17 comments | about: NCQ
http://seekingalpha.com/article/1907141-novacopper-irrational-etf-selling-could-mean-a-multi-bagger?source=email_sto_edi_pic_3_3&ifp=0

Editor's notes: Selling pressure has driven NCQ shares down, but the long-term value hasn't changed. Hedge fund Kingsley Park Capital pounds the table, saying the miner could still achieve triple-digit returns.
Alpha-Rich ideas are our best money-making long and short investment ideas.
They are released exclusively to Seeking Alpha PRO users 24 hours before publication.
Learn more about Seeking Alpha PRO.

Disclosure: I am long NCQ. (More...)

We've been following NovaCopper (NCQ) for almost a year now, since well before our April 16th article. While the stock has sold off irrationally, intrinsic value is now at an all-time high. This is a uniquely attractive opportunity to buy the stock cheaply.

Over the last week, NovaCopper shares have fallen from $2.00 due to 1) an index ETF selling millions of shares 2) a misguided negative article 3) tax loss selling by outside investors. Together these events sent the stock down a whopping 30%.

This brought shares to an all-time low, yet NovaCopper is more valuable than ever before. The company's copper reserves continue to grow as drilling results have been strong and the company continues to build a strong relationship with key local stakeholders. Not only is NovaCopper executing well, but also the price of copper has been rising. This makes for an excellent entry point.

There is significant interest from value investors at these prices. Among them is Seth Klarman's Baupost, which purchased shares in the $2.00 range in 2012, 40% above current prices. These investors will likely move the stock back up with large buys up to the $2 range as they did in October.

This article will focus on the dynamics of the opportunity at hand. For background on NovaCopper, including a discussion of valuation and risks, please see our previous article. We note that an article from November 5th also provides strong background on the company.

Irrational Sell Off Leads to All-Time Low

NovaCopper has been advising investors that the Claymore Beacon Spin-Off ETF sold the bulk of its more than four million share stake in the days leading up to and including December 12th, likely playing the biggest role in the share price decline. The ETF is indexed to the Beacon Spin Off Index. This index rebalanced and caused the ETF to sell most of its stake. The ETF now holds just over half a million shares. The shares sold represent well over 10% of the float, creating an enormous price distortion for no fundamental reason. This selling was completely arbitrary and is creating an excellent opportunity to buy shares.

On December 10th, Seeking Alpha published a negative article that caused more selling. The author (who apparently does not have enough conviction in his analysis to go short) cites several reasons for his view, all of which we strongly disagree with. Moreover, the comments on his article and his lack of response speaks for itself. Nevertheless, we systematically address how each of his points is misguided.

His first point is skepticism on the access road and boils down to 1) the access road will be expensive 2) the access road is within 15 miles of national park lands. These points are incredibly easy to rebut. The nearby Red Dog Mine owned by Teck resources required both a port and an access road. This was paid for by the state of Alaska and cost (pg. 176) more than NovaCopper's access road on an inflation adjusted basis. This road is still in operation and is a very successful precedent for NovaCopper's proposed road. Concern about proximity to national park lands is baseless for the same reason. The Red Dog Mine is within a few miles of the Noatak National Preserve, and the mine's haul road actually traverses the Cape Krusenstern National Monument. As we discuss below, relationships with local stakeholders are excellent as most of NovaCopper's employees in Alaska are members of the local native association.

His second point is that NovaCopper's CEO had a few sharp words with a member of a non-profit environmental rights law firm. This is completely irrelevant to NovaCopper's business. Moreover, this non-profit's sole activity is providing legal help to organizations that need it. Local stakeholders are very much on board with NovaCopper's project, and therefore are in need of no legal help.

The author's third point is insider selling. While this likely made some investors nervous, it is no cause for concern considering the sales were for payroll-witholding taxes on a grant of restricted stock units that occurred on the same day.

Fourth is that given the early stage of the project all estimates at this point are tentative, and that there is a strong possibility that final numbers will deviate significantly from current estimates. This is hardly news to anyone, as the comments point out, and is precisely why we bake conservatism into our models.

In short, the author's points were very weak. However, his article came at a time when investors were already nervous, and sent the stock down significantly. This put the stock at an all-time low, meaning all shareholders had the option of booking a loss to reduce their 2013 tax bill. The resulting tax loss selling has suppressed the stock price.

Tax loss selling is a very real phenomenon that has been studied by academics in multiple countries across the world. It becomes an even more significant factor for a stock like NovaCopper that is at all time lows heading into the last two weeks of the year, the prime time for tax loss selling. This effect tends to create opportunities in general, and in NovaCopper it has been extreme, creating an excellent long opportunity.

Intrinsic Value Higher than Ever

NovaCopper is now more valuable than ever before. Since our last article the company has had a successful drilling season that likely expanded mineralization, and continued to build support in the region. In several press releases this fall the company reported results from its drilling program that pointed to increased resources. NovaCopper also just announced the results of a re-sampling program that confirmed historical data from Kennecott on high grade mineralization and likely added low grade mineralization. NovaCopper's goal has always been to discover 10 billion lbs of copper, and this drilling season likely played a significant part in realizing that goal.

An updated resource estimate should be completed in the first quarter of 2014, and will likely show significantly greater resources according to CEO Rick Van Nieuwenhuyse. Also, NovaCopper now believes the South Reef and Ruby Creek zones may be linked, which would improve the economics of mining as well as expanding resources.

NovaCopper's relationships with important stakeholders have continued to develop as well. In its third quarter results the company announced that 58% of project staff were Northwest Arctic Native Association (NANA) shareholders. NovaCopper also had several visits from local communities including school tours. These are the strongest indications yet of the large and increasing interest in the project from NANA.

Finally, the price of copper is higher than at the time of our last article, and has been moving up steadily over the last several weeks. NovaCopper is significantly leveraged to the price of copper.

With all of these positive developments in mind, the intrinsic value of NovaCopper is significantly higher than it was at the time of our last article.

Excellent Entry Point, Value Investors Looking to Buy Shares

We believe deep value investors have already begun to take advantage of this buying opportunity to accumulate shares. The strongest evidence of this is the extremely high volume between 2-4 pm on December 12th, but only slight change in share price during those hours. This was the highest volume day in the stock's history by far. The 3.7 million shares traded is roughly twice as large as the next highest volume day.

This price action means that there was enormous selling pressure and equally large buying pressure. As described above, the selling pressure was likely due to tax loss selling. On the other hand, the only buyers able to absorb the millions of dollars worth of stock that changed hands within that two hour period are almost certainly large value investors such as 10% stake holder Baupost (for those unfamiliar with Baupost, the fund is one of the best value investors of all time). These large value investors will likely continue to buy up to $2.00 per share as they did when the stock dipped in October. In fact, by examining Baupost's 13-Fs from 2012 and NovaCopper's price history, we can see that the fund bought much of its stake at a minimum of around $2.00 and possibly well above. By getting in at these levels, investors have 40% upside to Baupost's rough purchase price.

Valuation

As of the recent December 12th investor presentation, NovaCopper estimates a base case NPV with $2.90 lb/copper, $0.85/lb zinc, $0.90/lb lead, $1300/oz gold and $22.70/oz silver. At an 8% discount rate, this yields a pre-tax NPV of $927.7M and post-tax NPV of $537.7M. Notably, this NPV includes $717.7 million in startup capital and $164.4 million in sustaining capital.

In our view, this estimate is both aggressive and conservative in terms of NovaCopper's intrinsic value.

On one hand, the estimate does not take into account either NANA's interest (either 15% NP or 16-25% equity) in the project or the dilutive nature of financing for the project. NovaCopper can finance the project with several methods including equity, debt, or royalty interest. Given the significant stake owned by management, we believe that significant equity dilution is unlikely relative to other fundraising methods.

On the other hand, this NPV calculation only takes into account the Arctic Deposit (3.1B Cu indicated, 0.4B Cu inferred), assigning no value to either the Bornite Ruby Creek Zone deposit (0.9B inferred) or the Bornite South Reef Zone deposit (2.4B inferred).

Also, the price of $2.90 dramatically underestimates the current copper price of $3.32. If the same model were applied with copper at $3.32, the NPV would be dramatically higher as this article demonstrates. We believe that the long-term fundamentals of copper are strong given numerous mine closures that will dramatically reduce supply as well as rising demand from China and India.

Currently NovaCopper has 53 million fully diluted shares outstanding, however, to conservatively account for fundraising as well as NANA's interest, we use 80 million shares. Applying NovaCopper's own estimate for NPV yields a share price of $6.72, a multi-bagger return from today's levels.

Conclusion

In our last article, we placed a risk adjusted price target of $4.58. This is now more conservative than at the time of our previous recommendation given the numerous positive fundamental developments since then, including progress on the access road, positive drilling results, and increasing buy-in from the local community.

Based on this analysis, we could argue that this price target should be revised upward as the company continues to de-risk the project. However, in the interest of being conservative, we merely reiterate this price target. As value investors take notice of the significant price discrepancy, shares should appreciate dramatically in the near-term.

At today's bargain prices, NovaCopper is our best idea.

[Tommy]

$NCQ - http://finviz.com/quote.ashx?t=NCQ&ty=c&ta=0&p=d

[Tommy]

$NCQ - chart update

[Tommy]

$NCQ - chart update

[Tommy]

$NCQ - chart update

[sunny9]

Very lonely board seems like a breakout soon imo will go to 3.

[Tommy]

$NCQ - chart update

[Tommy]

Chart Update

[Tommy]

March Presentation

http://www.novacopper.com/i/pdf/presentations/PDAC-March-2013.pdf

[Tommy]

NovaCopper's Largest Shareholder Adds an Additional 5.2 million NovaCopper Shares Through Warrant Exercise

http://www.novacopper.com/s/NewsReleases.asp?ReportID=563881&_Type=News-Releases&_Title=NovaCoppers-Largest-Shareholder-Adds-an-Additional-5.2-million-NovaCopper-S...

[Tommy]

$NCQ - NovaCopper Announces Positive Initial Metallurgical Optimization Results from the Arctic Deposit

http://finance.yahoo.com/news/novacopper-announces-positive-initial-metallurgical-120000848.html

... "Copper Recoveries Increase to 88.6% from 86.8% Zinc Recoveries Increase to 91.7% from 81.1% Notable Improvement in Precious Metals Recoveries" ...

[Tommy]

$NCQ - NovaCopper Reports on Its Third Quarter Results and Provides Update on the 2012 Exploration Program

http://www.marketwatch.com/story/novacopper-reports-on-its-third-quarter-results-and-provides-update-on-the-2012-exploration-program-2012-10-10-7173122

[Tommy]

Fact Sheet

http://www.novacopper.com/upload/CTA-links/CorporateProfile_NovaCopper.pdf

[JD400]

NovaCopper Announces Second Quarter Financial Results and an Update on the 2012 Exploration Program

The Company's long term objective for value creation is to demonstrate under National Instrument 43-101 standards the potential for multiple deposits to total +10 billion pound of copper in the Ambler mining district.

http://www.novacopper.com/section.asp?pageid=21934

[JD400]

it was 1 novacu for every 6 novagd

http://www.novacopper.com/upload/CTA-links/Latest_Presentation_NovaCopper.pdf

[justphilip]

Has Nova Copper or Nova Gold posted the split basis cost for each stock? TIA

[JD400]

Interesting little spinoff I'm watching this.

It where their "Road To Resources" found in the latest presentation that has me thinking.

Sure goes by a lot of copper deposits

Thanks for creating this board

GLTA

JD

http://www.novacopper.com/upload/CTA-links/Latest_Presentation_NovaCopper.pdf

http://www.novacopper.com/

http://www.alaskadispatch.com/article/new-interactive-map-portrays-mining-boom-across-alaska

[JD400]

Interesting little spinoff I'm watching this.

It where their "Road To Resources" found in the latest presentation that has me thinking.

Sure goes by a lot of copper deposits

Thanks for creating this board

GLTA

JD

http://www.novacopper.com/upload/CTA-links/Latest_Presentation_NovaCopper.pdf

http://www.novacopper.com/

http://www.alaskadispatch.com/article/new-interactive-map-portrays-mining-boom-across-alaska

[Tommy]

NCQ Presentation

http://www.novacopper.com/upload/CTA-links/Latest_Presentation_NovaCopper.pdf

[jglucky]

Woke up this morning and had 100 free shares. Not bad.

[Tommy]

May 2 - Shares of NovaCopper Commenced Trading in the US and Canada

http://www.novacopper.com/section.asp?pageid=21362