Interesting recent article here by Barry Fitzgerald titled "Big predators start consuming under-valued copper companies as disconnect to metal price rolls on"
This extract from the article is worthy of note for those who think CAML's offer is good value to NWC holders :-
"There is a similarity between Xanadu and New World which owns the high grade Antler copper project in Arizonia in that the market never gave New World full value for Antler, which is on a pathway to becoming a low-cost 30,000tpa copper equivalent producer.
The CAML bid exploits that market shortcoming but at least rewards New World for the work put in over the years in advancing Antler to development status. While New World’s home market of the ASX did not value Antler fairly, the outsider in CAML is obviously closer to the mark."
NWC Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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