Should be soon. I imagine getting it right re gold contained for the streaming terms will be tantamount. It'll come when the data is certain enough to get the best deal done re PM streams.
For reference in previous posts the $750 million was wrt any take over bids in near term now that Gil will raise the company profile in North America, which wasn't done before. Nick has been working on this since he assumed MD role.
Context is everything. If people are talkng about going full mining and higher SOI then old FCF numbers (at the lower assumed Cu price) would indicate FCF numbers equivalent to $2 billion Plus MC and that would offset extra SOI.
Always MC, SP will be what it is based on how well management handle financings and the quality of the share register.
New major investors may be made to buy on market, keep an eye out for lage X trades, they may have already been accumulating?
NWC SP currently trades in line with Cu price, once it breaks free and diverges to the upside from that you'll know its game on for the project, just like POG diverged from interest rates late 2022 it was obvious gold was headed higher.
The beauty of this company is its so undervalued and unlike larger projects, this can be self funded, so will most likely be a first mover once the capital starts overflowing from the gold space into the copper space.
NWC Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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