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2.0¢ new world resources limited

Ann: Best-ever drill results from the Antler Copper Deposit, page-52

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13/10/22

14:24

Post #: 64181187
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Originally posted by binwood: ↑

It's getting interesting again. Hits this week were nice.

But it's been slow. Dec two years ago Mike was saying they would be in production by next year and at this point its miles off that. I get that that applies to a lot of plays etc.

PFS in Q1 will be a good next lot of data. At this point with markets wallowing and Cu stocks struggling I am not feeling much fomo to enter but its definitely gone back on the watchlist. At a $60m valuation its probably trading single digit percentage of eventual NAV.

Just need some progress and macro to turn.

SS used $8,500 Cu (3.86/lb) and $2,800 Zn (1.27/lb).

Zinc is still trading above this and makes up a fair chunk of the CuEq of this deposit.

Copper down at $3.50/lb but that isn't going to incentivize porphyrys which will eventually be needed. I can see Cu going $5/lb this decade and holding it.

All in all Mike needs to get moving, be a little bit more of a shill and outside his control commods need to lift (that applies to all Cu depsoits). I still think its a solid play when the time is right

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NWC Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $56.80M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	511179	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	1066585	4

View Market Depth

No.	Vol.	Price($)
2	511179	0.019
16	6864141	0.018
11	4455293	0.017
9	1078783	0.016
4	1823000	0.015

Price($)	Vol.	No.
0.020	1066585	4
0.021	401044	3
0.022	885569	2
0.023	892857	4
0.024	3382925	5

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