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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. 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 known strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Bullboard Posts
Comment by Mine_Professoron Jan 20, 2009 7:02pm
1069 Views
Post# 15717010

Ready Steady Go !

Ready Steady Go !

On a down market day;  NWX was strong, always a good indication.

 

The table has been set and all the players are getting seated; todays share block transfers, helps structure the company up for the injection of a great property.

 

It is well known that BHP and RIO are offloading non core projects; NWX is well structured to get a property of substantial merit, similar to what happened to Northern Orion.

 

Northern Orion was in a poor market and got great projects from the majors and financing was no problem.

 

NWX is ideally structured to be another Northern Orion.

 

The old timers will remember the Northern Orion starting cycle and how the professionals got the job done.

The Northern Orion starting cycle was remarkable !

Once again we are at that starting line…………….

Bullboard Posts