RE: RE: RE: RE: Wengnut's backTrue, getting a mine into production isn't easy, and even the best-run companies are likely to run into unexpected problems. Even so, NWM seems to suffer more than most. They've been just about to enter production since 2008, and if you look at what they've said themselves over that period, it should be clear that they've had a lot of trouble meeting their own projections (I posted some examples recently, but more can be found pretty easily).
I'm not sure what you mean when you talk about their impeccable timing, since the fact that the mine is (hopefully) now about to enter production is only due to the massive amount of problems and delays from 2008 onwards. While not entirely their fault, the timing of the failed attempt at getting into production in 2008 couldn't have been much worse, coinciding as it did with a global financial crisis.
As for the clear and concise plan, that may be true, except that they keep changing it. The SART plant was central to their production plan until it was suddenly pronounced deficient and unneccesary, updated resource estimates are promised and then pushed into the future, gold pours are continually delayed, etc. What's worse, the company often doesn't acknowledge these problems; instead they just silently move the goalposts by pronouncing new deadlines/targets without mentioning why the original targets weren't met.
Finally, it's fairly obvious that anyone who bought at 0.06 is sitting on a nice profit, but what I'm trying to discuss here is the long-term prospects of NWM, not the movements of the share price. To me, NWM looks overvalued right now, especially given the risk involved. I may be wrong, in which case it would be interesting to hear why (backed by actual arguments, not just "look at the chart" or "you just want to pick up cheap shares").