NWC 7.14% 2.0¢ new world resources limited

Ann: Third rig now drilling to accelerate testing of targets, page-45

  1. 114 Posts.
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    I think a reasonable estimate of share price of ~ 30c is quite achievable, if everything are going ok(antler project and copper price) my rough calculation is based the fact that we have a NPV of $750 million at copper price of $8500/ton - 2022 Scoping study) and now copper price at around $9700/ton about ~17% increase. That can bring NPV to $880 million. Almost 10 time of current market cap of $90 million.
 
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