NWC new world resources limited

Add this also ... from the Q4 earnings call transcript ... CEO...

  1. 11,249 Posts.
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    Add this also ... from the Q4 earnings call transcript ... CEO answering question from analyst re minority partner at Copper World

    https://hotcopper.com.au/data/attachments/6828/6828094-8813d9e34bf9144b40b7e7ac26c24d85.jpg

    Silent on numbers and you wouldn't expect it to be answered (but hey he took a shot at it).


    And then the real hard stuff ... going all the way to copper cathode (something NWC wont be doing)

    https://hotcopper.com.au/data/attachments/6828/6828113-2aa671e5ced86b008b00492acd47b942.jpg

    And that puts the ASCU investment into some "clarity"

    https://hotcopper.com.au/data/attachments/6828/6828123-97c0e60e5234d291a24c664cd4e42e7a.jpg

    And that asset it a very large open pit mine heap leach processing oxides using a patented process from RioTinto (NUTON) which could end up with NUTON owning as much as 40% of the Asset (which with PFS is estimating 92Ktpa of CATHODE)

    https://hotcopper.com.au/data/attachments/6828/6828144-7d5a7cb008a677b09811f0709d986bc3.jpg

    I expect the next step for HBM with ASCU is to invest directly in the asset based on DFS ... minimum 20% ... but hopefully at least 30% - 40% (to match RIO) and ASCU at 20% (or 30% if HBM take 30%)

    The theme here is there is a very big push for domestic Made in America Cathode (not concentrate).
 
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