This company has a copper briquetting plant in the DROC (Africa). It is steadily increasing production from 250t/m to the stated goal of 1000t/m within 12 months. Supply of ore was an issue, however, an announcement 2 days ago appears to have solved that issue. Expansion funding was subject to a supply contract being put in place, which has happened.
At 1000t/m, my guess is a profit close to $1m/m...just a guess based on last quarter's figures....current market cap is $17m.
Could be very tasty, very soon. All recent anns worth a read. Copper price will probably not affect this stock too much as supply contracts are in terms of a % of copper LME price.....I guess downside is thereby limited, but upside still exists.
Do your own research.
NWA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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