Nevada Copper (NCU.TO) is currently trading at a share price of C$2.12 which is an increase of 43% compared to the share price when our initial report on the company was distributed. Even though there has been a lack of news in the past few months, investors are clearly interested again in advanced-stage projects, and the fully permitted underground mine at the company’s Pumpkin Hollow project is a relatively safe way to gain exposure to the copper, gold and silver price. Nevada still has to finance the funding shortfall to complete the construction of the underground project, but we expect to see a final solution before the end of the third quarter. Meanwhile, Nevada Copper has enough cash to continue its current activities on the project.
Disclosure: The author holds a long position in Nevada Copper. Nevada Copper is a sponsor of the website. Please see our disclaimer for current positions.
