New World Resources Limited (ASX: NWC) - A Near Term High Grade Copper Producer Story
Coffee with Samso Episode 166 is with Mike Haynes, Managing Director and CEO of New World Resources Limited (ASX:NWC).
Just over 12 months ago, we had New World Resources Limited (ASX:NWC) with us talking about the Antler VMS project. This story has now moved onto the Scoping Study stage with a new resource.
Investors in the Australian Stock Exchange (ASX) are struggling to find a decent copper story. The last company that was not considered a major has now been taken over and that was Oz Minerals Limited (ASX: OZL). Oz Minerals was no minnow so there is a big gap in the market.
The next level brings Sandfire Resources Limited (ASX: SFR) into the discussion. Aeris Resources Limited (ASX: AIS) is another "small" copper producer on this scale. From here, the discussion pretty much ends.
Here lies the opportunity to look at companies that have a long life and the potential to make that dream come true. The New World Resources Limited story is a very convincing one as you watch and listen to Mike Haynes talk about the Scoping Study results.
As all investors have experienced, what is clearly oblivious becomes not so clear cut as time goes by. It is this reason that I encourage readers and viewers to DYOR and seek out Mike Haynes. Send him the questions.
As I am researching New World Resources, I am struck by the great numbers coming out of the Scoping Study. This episode of Coffee with Samso is all about why the Antler project is so unique in grade and resource.
Check out the Coffee with Samso with Mike Haynes from New World Resources Limited.
Chapters:
00:00 Start
00:20 Introduction
01:16 Recap of the Antler Copper Project
07:03 How is the geology?
09:17 Good grade numbers
11:31 Explaining the share price to investors
14:50 The high grade variation issue
16:43 Scoping Study results
17:58 How good is the Antler Copper project in terms of numbers?
24:54 Any potential hiccups?
26:46 How much movement will we see in the numbers?
30:13 Any concerns about future funding?
34:38 News flow
36:45 Why New World Resources Limited?
37:28 Conclusion