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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (49006)	9/19/2018 8:25:04 AM
From: Goose94	Read Replies (1) \| Respond to of 203418

Nevada Copper (NCU-T) RBC analyst Sam Crittenden says Nevada Copper sits in a "unique" position with its Pumpkin Hollow copper project fully permitted and financed in "one of the best mining jurisdictions in the world." Mr. Crittenden began coverage with an "outperform" rating. He targets the shares at $1, which is the same as the consensus. Mr. Crittenden says in a note: "Copper is one of our favourite commodities in the medium and long-term as we forecast growing deficits after 2020, aligned with the timing of commercial production from Pumpkin Hollow. With relatively high cash costs, our bullish view on copper is a key part on why this project makes sense in this market. The smaller open pit design to focus on higher grades also improves the economics with lower risk. ... Nevada Copper shares are currently trading at 0.4 times price-to-NAV versus its base metal peers at 0.6 times and the historical average for pre-producing base metal miners of 0.8 times. We expect a rerating of the shares as the company moves through the construction phase and into production at Pumpkin Hollow. We also see potential for NCU as a take-out target."