Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

Newport Exploration Ltd. is a Canada-based company, which has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty (GOR) on several permits in Australia. These include permits being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both Australian oil and gas producers. The Cooper Basin is an onshore oil and gas development area. The Company’s Chu Chua is located approximately 30 kilometers (km) north of Kamloops, British Columbia, with access and infrastructure. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a strike length of 400 m and a known depth of 250 m.

TSXV:NWX - Post by User

Newport Exploration Ltd

Bullboard Posts

Comment by bullbleepon Oct 10, 2016 4:03pm

46 Views

Post# 25328669

RE:RE:RE:Birkhead success .. News out - 20m interval.

It really doesn't matter anymore. Two years ago they had almost $20M cash, and by paying teo 10 cent divy's over the past two years- almost all the cash is gone.
The royalty stream mostly just pays for taxes and overheads - so no more divy's.
Strange how all the "knowledgable" bagholders here can't figure these simple things out.

Bullboard Posts

AtkinsRéalis supports Poland’s nuclear power endeavour