NWC 10.0% 2.2¢ new world resources limited

Ann: Maiden Drilling Program Commences at Discus Copper Prospect, page-51

  1. 3,905 Posts.
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    Yes, did they not go deep enough?
    Are there larger clusters at depth

    Were Cu prices 50c/lb?

    I haven't spoken to Mike in a while, but will defo ask about it next time I bug him.
    Maybe the size isn't there?

    Maybe the terms for treatment were unfavourable?
    We have a standalone operation at Antler we can build upon and all this higher grade will be upside, so downside is mininmal.

    Our rewards are definitely asymetric to the upside, I'm keeping fingers crossed the drilling and modelling will come up trumps and then we get a good scale asset between Antler and any new discovery.

    Mike is a very good geologist and geophysicist so we let him do his job. From what I understand he is very excited about these new prospects and technically from what I've heard I do like the story.

    Now we wait.


 
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