New World Resources Limited (ASX: NWC) - High Grade Copper Story - Antler Project.
Coffee with Samso Episode 189 is with Mike Haynes, Managing Director and CEO of New World Resources Limited (ASX:NWC).
The last time we spoke to New World Resources Limited (ASX:NWC) the story was about getting mining happening. Today, we hear that the mining process is in place and while they are going through the paces, they are chasing very compelling exploration targets.
There are very few to no stories on the Australian Stock Exchange (ASX) that is flavoured copper not to mention high-grade copper. The Antler project by all accounts in the copper mineral exploration industry is a technically strong project. It is probably better categorised as a near-producer story now as the company moves into the mine planning stage.
Samso's Thoughts
New World Resources, as I have stated earlier, is a no-brainer for making a strong DYOR company on your watchlist. The bearish sentiment in the market which has depressed equity pricing in the small-cap sector is a blessing in disguise for new players into New World Resources.
For existing shareholders, it may be a good time to average down. I remember my Coffee with Samso with Rick Rule (Commodities and Equities: Advice from Rick Rule - Episode 70) where he talked about the story of when he had bought Paladin Energy Limited (35:54 Rick and Paladin - The story of Investing in Mineral Explorers) all the way to 1c because he believed in his own conviction of the quality and the factual truth of the project and the company management.
For those people who sat through all the Coffee with Samso episodes with Mike Haynes, you would see the consistency of the conversation. The technical aspect of Antler is rare in this industry. The Golden Grove VMS deposit in Western Australia would be something that Antler should be compared to, in terms of technical attributes and potential.
For those people who are entertaining the idea of learning more about New World Resources, please feel free to send me an email and I will forward it to Mike Haynes. I strongly encourage dialogue with management as they are more than happy to take the time to go through your queries.
Check out this Coffee with Samso with Mike Haynes from New World Resources Limited.
Chapters:
00:00 Start
00:20 Introduction
01:15 Updates from New World Resources
02:24 The resource value
03:17 Upsides to the Antler exploration
05:33 Discussion about the recent scoping study
08:07 Discussion about Porphyries
10:36 The mining strategy
14:30 VMS belt clusters
20:16 The Javelin Project
23:48 The next set of drilling
27:45 Discussion about current commodities
30:20 Exceptional IP anomalies
37:29 Any possible risks?
40:34 News flow
43:38 Why should investors look at New World Resources?
45:03 Conclusion