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).
NWC Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
