Dec 08, 2021 / 05:15PM GMT
John Tumazos - John Tumazos Very Independent Research Virtual Conference - Analyst
We're very pleased this morning to host Tom Albanese, the Lead Independent Director; Randy Buffington, the President and CEO; and Andre Van Niekerk, the CFO of Nevada Copper. Nevada Copper is the proud owner of 610 million metric tonnes of measured indicated and inferred, open-pit, and underground resources containing 5.8 billion pounds of copper, 1 million ounces of gold, and about 33 million ounces of silver. We respect that big endowment.
We want to thank Tom Albanese. He went out to the property in August and contracted COVID and ended up being hospitalized and on oxygen when he came home. It's been a challenge.
Nevada Copper at the moment is very gracious to appear. They have a $261 million working capital deficit, and they're going to tell us how that's going to get refunded and fixed. And they're in the various phases of startup where they target 5,000 metric tonnes a day in the third quarter. So they're not coming here before they have everything under perfect control and when we have all our
Nevada Copper Corp at John Tumazos Very Independent Research Virtual Conference Transcript
Dec 08, 2021
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