NWM Mining Corporation NWMMF

Credit Facility

[wteesdale]

I agree with the previous post. My sense from the news regarding the Credit Facility is that production is a little behind where they would like it to be (which is why there was not production update in the last update), so they would prefer to wait on production news until it is more clearly positive, and can give the share price a nudge. The good news is that we are not reading about another placement, so it appears funding needs are minimal. They seems to be making good progress on getting material under leach on the pads, so I remain quietly optimistic. I was very close to pulling the trigger on increasing my holding when the price dipped down last week but decided against it. I am kicking myself now. My sense continues to be the the macro environment will lead to higher gold prices (recent pullback in gold price to be expected given its recent run), which can only be positive for the small producer. NWM is well placed for an increase in the share price as production increases and they become cash flow positive. However, for the price to really move we also need an increase in the resource base.