Credit Suisse note to clients today, page-2

First 2 Last

Share
Profile

Follow
ClenAndTren

377 Posts.

100

11/06/19

15:31

Post #: 39003354
Share

Originally posted by JEDT9999: ↑

NEW CENTURY RESOURCES (NCZ): New CFO a quality appointment, maintain OUTPERFORM

NCZ has appointed Mark Chamberlain as CFO. Mark is well known to us and in our view is an extremely well experienced candidate for a small, single asset company, having worked for multi-commodity, multi-jurisdiction majors in his career prior to retiring from OceanaGold. His appointment should free up MD Pat Walta to focus on the multifaceted metallurgical and operational challenges that are part of any commissioning, ramp-up and particularly a re-start of a complex, large plant like Century. We view this as another important milestone and achievement for the company as it matures, bring functional expertise and for me this adds validity to the project. While zinc process have declined they still sit above our forecasts. No change to A$2.10/sh Target Price and OUTPERFORM rating maintained. If we use spot Zn/FX our valuation comes to A$2.88. Stock last traded at $0.67c. June Qtly is the next update which should provide further evidence of improvement to recovery rates towards nameplate, benchmark pricing being achieved and potential valuation upside should their study on in situ mining bring forward production plans. Analyst: Michael Slifirski; Click here to view document (8 pages, 656KB)

Expand

Thank you for posting, great commentary. I've been stupified all day today with the price action. At less than $330m market capitalization it looks like a screaming bargain

NCZ Price at posting: 64.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

PL3

Patagonia looks to raise $2.15M for South American exploration and development

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

There are more pages in this discussion • 21 more messages in this thread...

First 2 Last

Add NCZ (ASX) to my watchlist

Credit Suisse note to clients today, page-2

Top Stories

Patagonia looks to raise $2.15M for South American exploration and development

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Featured News