Nevada Copper (NCU.TO) has announced the federal land conveyance has now been completed. As you remember, the Bureau of Land Management had to transfer some of its land holdings to the City of Yerington in a land swap, which would simplify Nevada Copper’s permitting process for its 100%-owned Pumpkin Hollow copper project.
This means the entire open pit and underground mine are now located on private land and this allows the project construction to start immediately upon securing funding. Unfortunately the copper price has been sliding so it will be very interesting to see if Nevada Copper has an ace up its sleeve. We will be releasing an update report on Nevada Copper shortly.
> Click here to go to Nevada Copper’s website
Disclosure: The author holds a long position in all stocks mentioned in this article. Please see our disclaimer for current positions.
