Australia's largest stock trading and investment forum Australia's #1 stock forum

NWC

Click for more information

0.00%

2.2¢ new world resources limited

How do they go faster? They claim to have 3 rigs drilling 24x7.

First 53 Last

Share
Profile

Follow
stocktalker

592 Posts.

105

16/10/22

13:05

Post #: 64221493
Share

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

Expand

How do they go faster? They claim to have 3 rigs drilling 24x7.

NWC Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

PDN

Paladin cuts back uranium production guidance for FY25 based on hiccups at Langer Heinrich

STM

Sunstone expands gold-copper mineralisation at Bramaderos with porphyry find

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 25 more messages in this thread...

First 53 Last

Add NWC (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $62.48M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$506	23K

Buyers (Bids)

No.	Vol.	Price($)
3	160171	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	833423	3

View Market Depth

No.	Vol.	Price($)
3	160171	0.021
3	2454085	0.020
9	3893210	0.019
6	1867000	0.018
4	2538235	0.017

Price($)	Vol.	No.
0.022	833423	3
0.023	735000	3
0.024	2081708	6
0.025	3876904	8
0.026	100000	1

Last trade - 10.06am 12/11/2024 (20 minute delay)

NWC (ASX) Chart

SPONSORED BY