GREY:NWMMF - Post by User
Post by
twonxanityon Sep 06, 2011 4:13pm
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Post# 19015572
Bought First Position
Bought First PositionToday I started buying NWM, cost basis of 0.158. This company reminds me of another Gold company I own Avion Gold (AVR), from a growth and shares outstanding perspective. Like some people have mentioned AVR has over 400 million shares outstanding and proved you can reach a 1 billion dollar plus market cap.
I started buying AVR at .55 a year and a half ago or so and it is now 2.40. There growth profile is somewhat similar to NWM in that 3 years ago they produced 45 000 ounces, then 65 000 ounces. This year over 100 000 and next year 200 000 run rate. NWM is at the first step but they appear to already have a good resource base and are drilling somewhat aggresively.
I couldnt find the information but does anyone have there cost basis per ounce, I couldnt find it published? The expected one at least.