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NWM Mining Corporation NWMMF



GREY:NWMMF - Post by User

Bullboard Posts
Comment by zzthnxon Apr 02, 2011 5:32pm
429 Views
Post# 18377821

RE: RE: RE: RE: RE: Wengnut's back

RE: RE: RE: RE: RE: Wengnut's back" To me, NWM looks overvalued right now, especially given the riskinvolved. I may be wrong, in which case it would be interesting to hearwhy (backed by actual arguments, not just "look at the chart" or "youjust want to pick up cheap shares")."

Several reasons why I think NWM has very good potential to move much higher:

1) Ramp up to 40,000 ounces of low cost production by next year from two producing mines.

2) Potential for 1 million + in reserves within a year. Drilling will be ongoing, and as we saw from the Campamento drill results the other day, "there's gold in them thar hills!" :-)

3) TMM is right next door and looking for acquisitions. The CGC bid fell through yesterday, and I think NWM fits the bill perfectly for a TMM takeover target.

4) A CEO (Chris Berlet) who is focused on increasing the share price. I believe his objective is to get the two mines up and running, prove up as much additional resources as possible, and sell to the highest bidder.

5) I believe that the price of gold is heading much higher over the next few years.

6) Despite the high float of 400+ mil. shares, I haven't heard of another prospective gold company that's trading at 17 cents a share.

Cheers and good luck!
zz
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