NWC 5.56% 1.9¢ new world resources limited

Ann: Maiden Drilling Program Commences at Discus Copper Prospect, page-13

  1. 46 Posts.
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    Plough, I tried to make sense of your comment by looking at quoted company annual reports. I found it very hard to know what information would be comparable to the proposed operation for NWC.

    A similar underground Cu project in Az (Santa Cruz) was subject to an initial assessment in Sept 2023 (owned by Ivanhoe Electric) with many Cu interests in US (founded by R Friedland) assumed USD43/tonne for Onsite Operating Costs (mining, processing, G&A). To further mitigate such a large cost miscalculation I note that NWC has been subject to 2 recent bouts of Due Diligence which should have highlighted any major anomaly in cost assumptions. For Ivanhoe Electric cost info see:
    https://www.sec.gov/Archives/edgar/data/1879016/000110465923098492/tm2324688d1_ex99-1.htm

    No expert here - do your own research

 
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