NWC 0.00% 3.3¢ new world resources limited

Ann: Enhanced Scoping Study Antler Copper Project, page-38

  1. 2ic
    5,889 Posts.
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    Lost count the number of my witch doctor friends identified EM anomalies that turned out graphitic schists. As you say, always check the data against management claims... often i have to double check to make sure I'm looking at the same project.

    NWC holding up (down) pretty well considering base metal prices are falling hard. Down ~10% on SS'23 price assumptions. Just as well spot prices are irrelevant to a DFS still years away. Zinc taking it particularly badly atm. Don't know if it's just the global industrial downturn, or that zinc isn;t really a 'green metal' and thus doesn;t have the green dream upside? Expect it will find support by the 2016 uptrend just above $2000, which looks cheap on any inflation adjusted basis (ignore my lines, old workings from way back).
    https://hotcopper.com.au/data/attachments/5299/5299268-68f164c0d11d90b4b017da0d5eabd4ef.jpg

 
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