The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Orest Wowkodaw has resumed coverage on Nevada Copper with a "sector perform" call. The Globe's David Leeder writes that Mr. Wowkodaw targets the shares at 30 cents. Analysts on average target the shares at 40 cents. Mr. Wowkodaw says Nevada Copper has an "attractive" valuation. He calls the copper market "robust." Mr. Wowkodaw says in a note: "Our previous estimates, valuation, and investment recommendation were placed under review in July, 2022, due to heightened liquidity/going concern risks which also resulted in the suspension of most mining activities. After spending the past few quarters rehabilitating the asset and raising capital, the Pumpkin Hollow underground mine in [Nevada] appears poised to restart in Q3/23." The Globe says Mr. Wowkodaw sees the potential for a "markedly larger" open-pit operation and improved liquidity. The Globe reported on June 9, 2022, that RBC analyst Sam Crittenden downgraded Nevada Copper by two levels to "underperform" from "outperform." It was then worth 38 cents. The Globe reported on July 9 that Haywood analyst Pierre Vaillancourt rated Nevada Copper "hold" when it was worth 20.5 cents.