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News: NCZ New Century Resources Seeks Trading Halt, page-28

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miningnut

10,843 Posts.

2310

20/05/20

10:37

Post #: 44720116
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Originally posted by eastwest101 ↑

Correct me if I am wrong but isn't the Gunpowder/Mt Gordon/Capricorn Copper mine (I know its difficult to keep up because every new owner re-names it! ) operating at the moment?

Mt Oxide itself hasn't been mined since 1971 and as I understand it the QLD Government has resumed the mining lease for a remediation project.

Both mines have some potential, but also have some environmental liabilities/issues.

Interesting discussion about IGO though, its the only ASX listed zinc producer that hasn't had its share price smashed in the last few years. Have a look at the rest of them like AMI, AML, CZL, HRR, NCZ & RVR.... just the hint of any Zinc production is enough to march your share price directly to the toilet, with the notable exception of IGO.

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I think you'll find that IGO is only in gold(Tropicana) and nickel/copper(Nova).I'll have to do more research on Mt Oxide/Mt Gordon.

NCZ Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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