Blue Ocean Equities has initiated coverage on the stock, setting a 25c price target currently (currently 0.049c)

.“As a high-grade (copper) deposit with excellent vertical and lateral continuity, Antler points to the magical combination of a high resource to mining inventory conversion, low capital intensity and low opex (negative copper C1 cash costs after co-product credits) – arguably the sweet spot for a junior miner),” Blue Ocean said.

Blue Ocean Equities Report

New World Resources has been assembling a portfolio of highly prospective mineral resources projects in North America. These assets currently comprise the Antler Copper Project in Arizona, USA; the Tererro Copper-Gold-Zinc VMS Project in New Mexico, USA; the Colson Cobalt-Copper Project in Idaho, USA; and the Goodsprings Copper-Cobalt Project in Nevada, USA.

Collectively these projects comprise a highly prospective portfolio of high-grade projects all located in stable, pro-mining jurisdictions. Small-scale production has been recorded, historically, at all three projects, yet very little modern exploration has been undertaken at any of the projects.