New Century Resources Optimistic TimesNew Century Resources steps into optimistic times.
With the equity raise done, they are practically debt free, shortly before break even, Zinc prices are high and treatment charges are low, considering paying dividend, consolidated the share price to a better looking number, likely starting to mine copper is Tasmania soon, discovered more resources on their local turf. Not even considering these facts, the stock was highly undervalued before the equity raise. Just need enough people realize that the 2022 target price should be around 4.5AUD - 6AUD instead of the current 1.99AUD.
The trend is visible on the chart..
Impactinvesting
NCZ catching up with the largest Zinc producersNCZ is now somewhere around 12th largest zinc miner in the world so it's worth comparing with the top zinc miners. Chart starts at COVID stock recovery date.
High volatility but catching up.. Can't wait till the announcement of starting to mine Copper in Tasmania.
Will the price reach the green line before the next quarterly earnings meeting? Bets please
