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$1.10 new century resources limited

I agree the projects should be really good, but they appear to...

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28 Posts.

7

22/02/22

15:17

Post #: 59736040
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Originally posted by danimen: ↑

1)I believe most people think it will not be profitable enough to mine zinc at Century if the prices fall back too much. There is only about 10-15 years of zinc left in the mine.
2) They had debt which is still showing up on most investing websites but it's paid back already
3) there was a regular equity raise as they will break even only recently
4) the chart was in deep bear market for a long time, stabilizing only since 2020
5) a lot of hedge funds are involved

However, they are soon starting to mine silver close to Century (Silver King) and they have a option to start mining Copper and Gold at Mt Lyell by ca. mid 2023

There is a huge chance that Mt Lyell will boost optimism with the stock at 2000t/y gold and 30000t/y green copper available for about 35years at least.

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I agree the projects should be really good, but they appear to have a particularly problematic organic layer.

NCZ Price at posting: $1.86 Sentiment: Sell Disclosure: Held
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