NWC 4.76% 2.0¢ new world resources limited

Ann: Half Yearly Report and Accounts, page-17

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    Were they to drill and find something, which is by no means a given, what would be the reaction? Stop everything and flesh out a new resource so that the plant can be properly sized? That would take at least a couple of years by which time we could be near production. I believe we should push the studies and approvals and leave the drilling (and expenditure) until these are well advanced. Economics should be pretty good at 1.2Mtpa and there's enough ore for 10 years at that rate - plenty of time to find and bring into production another orebody. For those believers who are keen on higher production rates from multiple orebodies, put in an oversized crusher and leave room for duplication of the rest of the circuit.
 
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