NWC
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0.00% 2.0¢ new world resources limited

Hey @arsenic thought this might be an interesting...

  1. BaltasarG
    3,834 Posts.
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    06/09/24
    09:15
    Post #: 75554601
    Hey @arsenic thought this might be an interesting comparison

    https://resourcesrisingstars.com.au/beament-says-finding-ten-baggers-comes-down-to-one-thing/?utm_source=Read+Corporate+and+RRS+Distribution+List&utm_campaign=46896d6c04-EMAIL_CAMPAIGN_2024_05_02_06_01_COPY_01&utm_medium=email&utm_term=0_-896004cf9a-%5BLIST_EMAIL_ID%5D

    Beament, now the managing director of Develop Global but best known for driving the astronomical growth of Northern Star Resources, highlighted the potential of Develop by relaying its three key copper, zinc and lithium mining opportunities into terms the market understands well: gold.

    “Woodlawn — that’s our first mine — has an annual copper equivalent of around about 20,000 tonnes of copper per annum. In gold terms, it’s around about a 100,000-ounce gold mine,” Beament explained.

    “Sulphur Springs will be about 30,000t of copper equivalent per annum, when we get that up and running — about 150,000oz per annum of gold per annum.”



    If you look at page 15 of recent NWC presentation they are aiming at 30,100 tonnes of CuEq average production so in Bement's terms 150,000 oz p/a Au

    Now I had a chat to a gold MD recently and he had plotted up MCs of companies and their annual production (ball park numbers) and 75,000 oz/pa most were circa $1 billion MC, 100,000 oz p/a were 1.5 billion MC, you get the picture.
    NWC Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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