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NWM Mining Corporation NWMMF

Metals & Mining Gold


GREY:NWMMF - Post by User

NWM Mining Corporation
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Post by eduardo12on Sep 10, 2013 12:36am
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Post# 21728728

Q2

Q2
Q2 results is exactly why I am against any consolidation right now. As I have said time and time again - They have to show and prove. Quarter was at a loss again mostly due to that one time charge caused by late 2012. Costs will lower back to below 900.

On a plus note, at least they are spending money on exploration. Seems like Mr Konignen wants a 1M ounce resource. Gold Ridge reserve is a bonus (wasn't anticipating this).  CB wouldn't have seen this opportunity even if it came knocking on his door..

Bigger resource means a longer mine life and already with a positive cash flow mine will result in a sale.
gl
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