GREY:NWMMF - Post by User
Comment by
twonxanityon Sep 07, 2011 10:40am
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Post# 19017710
RE: RE: Bought First Position
RE: RE: Bought First PositionTrue but one thing I have realized in mining is that once the cash flow begins and the drilling continues then companies have a way of finding new deposits or organically raising production. Its the same deal with AVR as they say a 200k run rate, but recently announced a new PFS for Hounde I believe. Any new mine would be over and above the 200k run rate.
NWM is still drilling and has already proven up a good resource base, 8+ year mine life already. If they can get some casg flow then hopefully they can produce more. Is leaching the end goal for NWM?