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2/10/15

Nevada Copper (NCU.to) updates

Nevada Copper (NCU.to) gave us another update on its progress (cornu aspersum) at Pumpkin Hollow this morning. We knew its infamous tunnel was at 1655ft on January 7th and that's because they said so. Today (so let's give them the benefit and say yesterday February 9th) we're at 1,806 feet: Therefore:
  • January 7th to February 9th progress from 1,655ft to 1806ft = 151 feet
  • Days elapsed = 34 days
  • Average progress per day = 4.44 feet per day.

Amazingly, shockingly, they've dropped that "we're making progress at five to seven feet per day" line this time, after insisting on the obviously false statement in the last two updates. What we can say to NCU's credit is that the rhythm has increased modestly from the 3.14 feet noted in the previous 43 days but still, things are tight and it's going slower than they told us it would because three is not five. And four is not five.

It therefore looks as though this tunnel gets finished in late March, which is good for NCU because it means it happens just before the cash treasury runs out. What happens then will likely be more fun for sideline watchers than shareholders.

And now, for your three - four - five viewing pleasure:


"First shalt thou take out the Holy Pin, then shalt thou count to three, no more, no less. Three shall be the number thou shalt count, and the number of the counting shall be three. Four shalt thou not count, neither count thou two, excepting that thou then proceed to three. Five is right out. Once the number three, being the third number, be reached, then lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who being naughty in My sight, shall snuff it."