Oct 10, 2023
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