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3.8¢ new world resources limited

Hopefully the last couple of appointments might help

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2,821 Posts.

189

06/02/24

13:03

Post #: 72261841
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Originally posted by plough: ↑

I feel an AISC of less than US$100 a tonne for an underground narrow vein mine is a bit optimistic , (compared to WA UG gold miners m, how many are mined at 1.4 gram (A$140) a tonne ) would be nice to see that number broken down in its cost components , maybe labour is far cheaper in the USA ?
Lack of keeping to deadlines is probably because they increased the resource size .
The recent video where he stated they would possibly need two declines seems a bit absolute , given 80 tonne UG hybrid trucks are going through development currently (BIS)(HUGO)
Just generally not a fan of geos running mining companies prefer accountants or mining engineers doing the job , the deep drilling ( geos with drills are like Carpenters when given a hammer) could have been spent finding targets (antler) , earlier which are cheaper to drill and then cheaper to mine

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Hopefully the last couple of appointments might help

NWC Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change -0.002(5.00%)		Mkt cap ! $107.7M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$52.95K	1.371M

Buyers (Bids)

No.	Vol.	Price($)
9	660760	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	29338	1

View Market Depth

No.	Vol.	Price($)
9	660760	0.038
5	1987113	0.037
8	3338583	0.036
14	3442096	0.035
2	600000	0.034

Price($)	Vol.	No.
0.039	29338	1
0.040	1226518	5
0.041	401575	5
0.042	347755	3
0.043	2089306	7

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 4.0¢			Change -0.002 ( 2.83 %)
Open	High		Low	Volume
3.9¢	4.0¢		3.9¢	184514
Last updated 15.11pm 29/05/2024 ?

NWC (ASX) Chart