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 > Another posiive report from management of this quarters

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Comment by HHHAPPYon Mar 05, 2022 8:20pm

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Post# 34487464

RE:RE:RE:Another posiive report from management of this quarters

When I said "positive" I was referring to the fact that the Dividend of.
01 was assured by the royalty payment due. For a while it looked like the royalty might require additions from the cash holdings of NWX
Anyone buying a stock for .40 for a .01 or .02 seems to me to be in the wrong business

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