FWIW chart update. 28c acting as support for now - look left at that volume and its in the region we have been basing since the drop. Pretty big cup and deep handle formation. We need to break that downtrend channel which is the handle to see any future upside. Perhaps some sideways action through that channel and then a theoretical upside target from the c+h still mid 60s.
As a reminder below is the weekly chart. We get out of this base and there is big upside. Drivers for that could be commodity price rises, future exploration hits, offtakes/finance Stage 1, Stage 2 PFS, power security for stage 2, DRC election stability and tax certainty. Conversely they are also the risks.
NZC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held