I really like Mike. Smart, experienced and successful. Certainly not the 'salesman type MD'. Further increasing resource and coming up with DFS, FID including mine design should mean 2023 is a big year
Clearly the major issue appears to be this. With a tiny mkt cap (circa 60m) there is no way equity could contribute 30-35% of the 300m AUD capital cost in a year or 2. Assuming we need say AUD 100m equity (and AUD 200m debt) ideally we would have a market cap closer to 200m which even then makes it a very dilutive share raising (1 for 2 rights issue type scenario). And 200m market cap is a 3.5x bagger from here....
Otherwise like many other juniors it could be bring in a larger JV partner or sell the project
I really like Mike. Smart, experienced and successful. Certainly...
-
- There are more pages in this discussion • 147 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NWC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.3¢ |
Change
0.002(9.52%) |
Mkt cap ! $65.32M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.3¢ | 2.1¢ | $71.10K | 3.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1499094 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 487333 | 5 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NWC (ASX) Chart |