Slipped under the radar.
Current s.p, 5 cents Mkt. cap. $11 mill.
1 Current copper prod. in Congo 900 t per 1/4. New furnaces to be commssioned early May,upping prodoction to 1000-1200 t per 1/4.
Est, revenue in excess $6 m June 1/4 (very conservative- copper at all time high)
2 40% FREE CARRIED J.V. with Korab in Bachelor Tenemnt (adjacent Compass/Rum Jungle.Historic gold incl. 11m @6.4 g.t , 12 m @ 3 g.t.Drilling to commence this 1/4. Highly prospective uranium,gold.
Summary: How many juniors will be cash flow (and profit) positive this year,with free carried interest in one of Aust's most prospective U areas ??
Another way of looking at it.Copper production makes shares a steal, with U & gold exposure(free carried) thrown in for nothing !!!
DYOR
NWA
new world alloys limited
