The spot price for NEWC is around $160 now, which is causing some concern among investors.
The way I look at it though is that every $1 above the price of NEWC now, has a 20% minimum royalty and is pure profit so 30% tax liability. Please not I am using rough figures.
My point is that TER will be making strong profits with NEWC hovering around the current price as each $1 above our cost per tonne and under $175 is where we make the most coin.
The spot price for NEWC is around $160 now, which is causing...
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $160.1M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.0¢ | $512.1K | 2.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 269490 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 138360 | 2 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| TER (ASX) Chart |