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2.2¢ new world resources limited

Ann: Best-ever drill results from the Antler Copper Deposit, page-58

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arsenic

15,752 Posts.

1453

17/10/22

15:18

Post #: 64237402
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Originally posted by stocktalker: ↑

Thanks for your thoughts.

Funding seems a bit of an issue. 1.6B SOI. They raised in aug, and based on 4Q2022 burn rate, they're halfway through that already and will need to raise again in Q1.

Mine capex is currently estimated at ~$200M, so over 3x current MC.

The resource looks pretty interesting, but does it not look like a frightening amount of dilution is to be expected? Market conditions are partly to blame for the low share price, which makes the raises so much more painful, but still.

Do you think they progress to a mine, or sell it once it is a bit more proven out? Is it large enough to interest a well funded buyer?

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Sorry, I got the shares mixed up. I thought you were commenting on RXM.
I'm sure you gathered that.
NWC is in purgatory at present.

All IMVHO.

NWC Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $59.64M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$39.58K	1.814M

Buyers (Bids)

No.	Vol.	Price($)
3	989118	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	250000	1

View Market Depth

No.	Vol.	Price($)
3	989118	0.021
3	2454085	0.020
9	3893210	0.019
6	1867000	0.018
4	2538235	0.017

Price($)	Vol.	No.
0.022	250000	1
0.023	1337034	5
0.024	2138612	7
0.025	3820000	7
0.026	100000	1

Last trade - 12.18pm 12/11/2024 (20 minute delay)

NWC (ASX) Chart

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