NCO is currently working on the Ongombo Copper Project in central Namibia.
Historical drilling has produced Cu ranges from 1.3% to 3.9% with a 2.3%av. Project is situated approx 50km from a railway line that runs to port. Fellow miners in the area include Rio, Anglogold and Paladin.
On the negative side, delays were experienced last year due to the presence of trophy game hunters in the area. Good luck with that in the future!
SP - 14c
MC - $4m
Shares on Issue - 64m
12mth High/Low - 24/11c
Cash at Hand - $633k
Expenses this Q - $250k
Not enough cash and a risky area to work make this a no-go for me.