nevada copper

Global | Mining | TSX:NCU

potential C$70-75 mln of value uplift?


Refinancing during 2018 restructured and simplified the balance sheet. Further balance sheet optimisation opportunities exist. C$7mln of annual interest savings are possible.

Selling concentrate domestically rather than internationally could save C$5mln in freight costs annually.

Potential C$12mln of combined annual savings on a cash-flow multiple of 6 times, implies C$70-75mln of value uplift.

The underground mine is 25-30% complete and remains on schedule to produce copper and cash flow in Q4 2019. An upcoming transformation from a developer to a producer provides a likely catalyst for a share price re-rating.


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Nevada Copper 28 01 2019
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