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NCZ, NEW CENTURY RESOURCES LIMITED
blacksheep
post Posted: Aug 23 2017, 12:39 PM
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In Reply To: blacksheep's post @ Aug 18 2017, 11:36 PM

MMG's (who sold the old Century mine to NCZ) Dugald River zinc mine is ahead of schedule with first concentrate production expected by the end of 2017
Dugald River zinc ahead of schedule
QUOTE
“Since the beginning of the year, we have completed the sale of Golden Grove, Century and Avebury. We have also made significant progress in the construction of Dugald River,” Mr Jiao said.

“Dugald River is ahead of schedule with production of first concentrate now expected in late 2017, which is well-timed to meet a tightening zinc market.”

Dugald River is expected to rank within the top 10 zinc mines in the world when operational, with annual production of about 170,000 tonnes of zinc in zinc concentrate, plus by-products.

]MMG anticipates producing 560,000-615,000 tonnes of copper and 65,000-72,000 tonnes of zinc in 201]7.





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 18 2017, 11:36 PM
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NCZ is running HOT on the back of the zinc story. On HC the headlines are - Zinc price hits decade high!!. Punters are already having $1, $2, $5 parties. The SP touched the $1 party today. Don't wish to rain on their parade, but, but, but.......according to Bloomberg - Zinc's Supply Surge Is Coming. MMG who sold the old Century mine to NCZ is bringing their other zinc project into production within 12 months - along with a host of others.

QUOTE
Zinc is on a tear.

After aluminum, the metal used in galvanizing steel and sunscreens has been the best performing of the London Metal Exchange's six main contracts so far this year. Over the past week, the price chart has gone vertical -- busting through the $3,000 a metric ton level for the first time in a decade with a 5.4 percent jump Wednesday.ZINC, YTD+20%Zinc's moment in the spotlight has been a long time coming, but bulls should watch out -- it may be short-lived.

As Gadfly has argued before, Glencore's continued reluctance to ramp supply back up is a sign that the current strength of the market may be built on shakier foundations than the bulls are prepared to admit. Should China's industrial boom peter out after the party congress, the world may once again find itself with more zinc than it needs.


QUOTE
As higher prices change the economics of previously halted mines, that trend is already starting to reverse. Nyrstar NV, the world's second-largest zinc smelter and a significant producer of mined concentrates, has this year announced the restart of two mothballed projects that should more than double output from its North American pits from less than 100,000 metric tons in 2016 to almost 220,000 tons a year in 2019.Hindustan Zinc Ltd., the Vedanta-controlled second-biggest miner, is forecasting 950,000 metric tons of zinc and lead production from its mines in the year through next March, implying a further 100,000 tons or so of zinc based on the historic ratio between the two metals. MMG's Dugald River mine is forecast to go into production within 12 months, adding another 170,000 tons, while the Glencore-BHP Billiton Ltd.-Teck Resources Ltd. Antamina copper pit in Peru produced an extra 60,000 tons of zinc over the past 12 months, thanks to a zinc-heavy slice of the ore body.

SILVER LINING

There may be further expansion beyond that. At Teck's Red Dog in Alaska, the biggest zinc pit globally, miners have hit a vein of hard-to-refine but zinc-rich rock with ore holding about 24 percent zinc (compared to 14 percent in the pit as a whole). That Qanaiyaq ore will make up an increasing share of supply as pit bosses get better at handling it, Teck said in July -- a factor that's especially worth watching in coming months, because we're currently in the middle of a brief window when Red Dog's supply can reach the global market via a port that's generally ice-bound for eight months of the year.The biggest swing factor of all could prove to be Glencore. At present, the biggest zinc miner is producing the metal for minus 9 cents per pound, Ivan Glasenberg told investors after annual results this month, due in part to the value of the other elements that occur alongside it. Those would seem attractive conditions for increasing supply -- especially at a time when Glencore's Australian mines are operating well below nameplate levels.

https://www.bloomberg.com/gadfly/articles/2...surge-is-coming
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 9 2017, 11:56 AM
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Thought it was strange yesterday when NCZ submitted their "Diggers & Dealers" presentation via ASX, since they were not on the agenda!!!

This Australian article explains the stunt, which might get a "please explain" from ASX today
QUOTE
Kebab and chips

Competition for speaking slots at the Diggers & Dealers forum is always stiff, but former Syrah Resources boss and ex-broker Tolga Kumova has come up with a novel way of promoting his new venture after missing out on a spot in the conference’s formal line-up.

Kumova’s latest play, New Century Resources, has sponsored the local Kalgoorlie kebab shop in an attempt to catch the attention of boozed-up delegates looking for a feed on the way back to their hotels.

The kebab shop is decorated in New Century livery and hungry patrons can leaf through copies of the company’s latest presentation while they wait for their doner with cheese at 2am.

Whether any of the punters are actually able to remember anything the next morning is another matter. Kumova and New Century have also earned the ire of conference organisers when they lodged a copy of their kebab shop slides with the ASX under the heading “Diggers and Dealers presentation”. Given they’re not an official speaker — and given those on the program have paid tens of thousands for the privilege — the organisers have sent an angry missive asking the ASX to correct the record




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 25 2017, 01:54 PM
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In Reply To: blacksheep's post @ Jul 24 2017, 03:28 PM

Looks like the research report I found/posted yesterday was "commissioned by the company" - as per their ann today - probably explains the high valuation? SP currently 32.5c - down 4.41%

QUOTE
New Century Resources Limited (Company or New Century) (ASX:NCZ) is pleased to announce
the release of a research report by The Sophisticated Investor (TSI).

The report by TSI was commissioned by the Company and comprises a series of short videos relating
to New Century Resources’ Century Zinc Mine in Queensland,




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 24 2017, 03:28 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 04:59 PM

Currently the sp stands at 34c, FWIW a valuation given here of $1.20

QUOTE
Valuation: We initiate coverage on New Century Resources with a valuation of $1.20 / share. However, with optimisation of throughput and zinc recoveries being the company's initial focus, our valuation has the potential to increase further in the near future.



FINANCE VIDEO: New Century Resources Ltd (ASX:NCZ) - Big zinc is back on the ASX
http://www.abnnewswire.net/press/en/89240/ncz



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 20 2017, 04:59 PM
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In Reply To: Marana's post @ Jul 20 2017, 03:05 PM

Agree - sounds a little too good to be true.

QUOTE
I did not notice any feasibility statistics in today's presentation.


I think this has yet to be completed - see this article

QUOTE
Century Bull will immediately begin work towards the economic extraction of metal from evaporation dam water while completing a bankable feasibility study into zinc tailings re-processing


http://www.northweststar.com.au/story/4499...for-mine-rehab/

Also wise to read the prospectus - the deal comes with quite some "baggage", IMHO.

Raging Bull also entered into a jv agreement with AXE a while back with their cobalt tenements, but that did not proceed - AXE's ann suggested they were the one's that walked.

http://www.ragingbullmining.com/team.html

http://www.afr.com/business/mining/big-min...20170419-gvo1tc



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: Marana  
 

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nipper
post Posted: Jul 20 2017, 03:10 PM
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In Reply To: Marana's post @ Jul 20 2017, 03:05 PM

I'd reckon it could be the (lack of homogeneity in the) 20% grade that could bring it unstuck



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  Marana  
 
Marana
post Posted: Jul 20 2017, 03:05 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 12:51 PM

You have to know what is going on here. Very quick look:

7Mtpa ore plant to process 2.73% tailings. At 2% MMG & 3% govt royalty & 30% smelter cost the revenue is AUD$213M per annum at today's zinc price for 100% production (NCZ have 70% share, it seems).

When ZFX were running the plant in 2007, they processed 5M to 6Mtpa of 11% ore and their annual costs (excluding royalties & depreciation) were around AUD$350M pa. (page 40. http://www.asx.com.au/asxpdf/20071026/pdf/...pmfp5n4666.pdf)

Difficult to imagine processing 2.73% ore with the reagents (acid) required the costs without mining costs would be less than 50% of the ZFX costs.

I did not notice any feasibility statistics in today's presentation.

2.7M tonnes at 20% grade is worth $700M in revenue at 80% recovery & 30% smelter cost & 70% mining recovery

Too difficult for me. blink.gif



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nipper
post Posted: Jul 20 2017, 02:19 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 12:51 PM

SYR looks like the Fat Man bomb dropping a doo-doo



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Jul 20 2017, 12:51 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 11:56 AM

BTW NCZ is showing similar chart formations to early stage SYR - as posted by followers on HC - so get ready for blast off lmaosmiley.gif

Attached Image


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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