Newmac Resources Inc V.NER.H

Metals & Mining Industrial Metals & Minerals

Newmac Resources Inc. is a Canada-based junior exploration company. The Company is involved in the acquisition, exploration and evaluation of mineral properties located in British Columbia, Canada. The Company’s focus is the exploration and development of the Crazy Fox Property located in British Columbia. The Crazy Fox Molybdenum-Tungsten Property is located approximately 20 kilometers (km) northwest of Little Fort, British Columbia. Its Crazy Fox Moybdenum-Tungsten property is located about 100 km north of Kamloops, BC. The Company has approximately 14000 meters or 46000 feet of drilling that has been completed by the Company’s Drill contractor DJ DRILLING of Aldergrove BC and Watson Lake Yukon. The Company’s wholly owned subsidiary is Newmac Molybdenum Inc.

TSXV:NER.H - Post by User

Newmac Resources Inc

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Comment by groovin123on Dec 17, 2009 7:27pm

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Post# 16599220

RE: 2.68-million-share buyback

Nice, probably a better use of funds to buy back .05 cent shares and continue looking for a JV partner/acquisitions then spend $200-$400K on drill holes at this point.

Who in their right mind is dumping at .04 cents... this is basically a shell company at these levels that should be used as a vehicle for another deal. Dump the lodge, option off the moly property, kick their useless IR group to the curb, and go hunt for another land package.

With $1.3 MIL in the bank, and an $800K lodge, this is an essentially a "free" venture exchange listed company.

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