NWM Mining Corporation NWMMF

RE: Honest opinion

[wteesdale]

Have no fear, I am in the same position (recent buy in to this company as a good prospect for 2011).  My sense is that the temporary pull back in gold price is only temporary, and systemic problems with economic problems in Europe and the US, that have been papered over rather than fixed will push gold higher. 

This particular company has three things going for it and two potential negatives (which I believe are short term). 
1)  It gets plus points from me for moving from being an explorer to a producer - which should hopefully make it cash flow positive this year.
2) I anticipate that its measured and inferred resources will likely increase this year, which should help the share price.
3) Management appear effective and provide good communication to shareholders. 

On the negative side I think warrants at lower prices will prove to be a drag for some time but are not a significant factor for me because I have a longer term horizon.  The other issue is that I wish that there production targets were a bit higher. 

Having said all that I think you will make money on this with purchases at .12 or .13 even though I know you are underwater now.