NCZ - New Century Resources

[frugal.rock]

All in all, NCZ is probably a "freakin' bargain" right now. ?
My opinion only, not a recommendation in any form.

An excerpt from the latest AGM announcement.

Annual General Meeting –
9 November 2022
"The potential to restart one of Australia’s greatest historic copper mines at Mt Lyell in Tasmania is a significant opportunity for New Century. Despite its 100-year history, Mt Lyell remains one of Australia’s best undeveloped copper assets, with the potential for a multi-decade life. We are currently drilling and advancing our project evaluation studies on this exciting and potentially transformative project, with the aim being to complete the Prefeasibility Study before the end of 2022. This will then inform the Feasibility Study to commence soon after, leading to a Final Investment Decision towards
the end of 2023."

There's nothing in the chart saying "buy me" unless you're a contrarian...however, a positive announcement on Mt Lyell could/ would/ should ? trigger a reversal.

 

[frugal.rock]

A pick for 2023.

Zinc price waiting to recover.
Production of zinc increasing.
Waiting on the Mt Lyell copper mine announcement as in above post.
SP hitting 52 week lows.
A contrarian hit really. ?
Terrible looking weekly chart and things could really turn pear shaped. Make or break year for NCZ IMO, it needs to come up with some goodies or long term investors will be looking elsewhere.

 

[frugal.rock]

Still no news... is no news good news?
Hoping for some good timing of things here.
At least the price of zinc is appreciating and NZC may have found a bottom, but it didn't move much on zinc's last pop, so who knows.
Not looking like much supply, but NCZ has been proven to be tricky as some of the big insto's historically have played around with it. Not sure where that's at currently.

 

[frugal.rock]

ASX Announcement
23 January 2023

MT LYELL COPPER MINE PREFEASIBILITY STUDY DEMONSTRATES STRONG
ECONOMICS OVER MULTI-DECADE LIFE

▪ Mt Lyell Copper Mine Prefeasibility Study (PFS) demonstrates highly attractive economics for the restart of underground mining operations over an initial 25-year mine life

▪ Low-cost, long-life copper and gold operation with a pre-tax NPV7 of A$560 million, IRR of 22% and Life of Mine net cash flow of A$1,081 million

▪ Estimated pre-production capital cost of A$279 million with average C1 costs for the first 10 years of steady-state operations of US$1.73/lb Cu (including by-product credits)

▪ Total estimated production of 555kt of copper and 320koz of gold in concentrate

▪ PFS Board-approved with immediate progression to Feasibility Study, targeted to be finalised in Q3CY2023

 

[frugal.rock]

Off market take over offer at $1.10 from Sibanye Stillwater Limited ,
Incorporated in the Republic of South Africa.

NCZ opened today at the offer price of $1.10, around 43% up on yesterday's close of $0.77

The board recommends take no action while they sit and think about it. There are no competing offers, and as such, the current offer is final.

A snapshot after close today.

 

[System]

On May 11th, 2023, New Century Resources Limited (NCZ) was removed from the ASX's Official List in accordance with Listing Rule 17.14, following compulsory acquisition of its remaining securities by Sibanye Resources Australia Pty Ltd.