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.

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Newport Exploration Ltd

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Comment by Ahkenahmed2on Dec 06, 2016 1:23pm

42 Views

Post# 25561061

RE:Royalty update.

So broadly speaking, the company has $4.2Mil in the bank and $2.6Mil coming to it..

$6.8 million to the good. Plus a goodly number of future royalty payments still to come.

Arguing the dividend .. yep .. dviden cost is about $928,000.00 per 1cent/penny's worth of dividend).

Would think the bank account pretty quick.

GLTA

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