Take physic, pomp

Nevada Copper’s (NCU.to) working capital

Hey, remember when Nevada Copper (NCU.to) booted its liquidity problem into the future by raising cash late last year and sticking it on the long-term liabilities? Yeah, me too. Well the debt’s still there on the books…

…but the cash is now getting worn down again…

…and we’re in back negative working capital territory as a result.

Do you also remember all that fancy dancey stuff about getting the U/G mine done and cash flowing as from 2015? Well…

Development Schedule
The Corporation is completing an updated Integrated Feasibility Study targeted for release in May 2015. After the results of this feasibility study are in hand, the Corporation will be in a position to reassess the development options available for Pumpkin Hollow, and the available sources of financing, in the context of the market at that time. The options include a staged development (Stage 1 underground and Stage 2 open pit), and the “integrated” development option with a single large process facility and dual sources of mill feed from the open pit deposit and underground deposit. Under either scenario production could commence as early as 2018 subject to receipt of funding.

What’s good for Red Kite isn’t necessarily good for you, dear retail shareholder.

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