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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 lookin2retireon May 06, 2014 9:04pm
143 Views
Post# 22531568

RE:Newport Exploration makes up to $1.3 M a month in royalties

RE:Newport Exploration makes up to $1.3 M a month in royaltiesThe timing was especially good for some of Newport’s Shareholders (especially those knowing that the Royalty started paying in 2013, wink wink) On March 10, 2014, the company raised $2.2 million at $0.11 per share with a full warrant at $0.14. Those units are subject to a four month hold, however are in ten bagger territory with the warrants. (non brokered - CEO - 2,000,000 shares, CFO - 2,000,000 shares, Director - 350,000 shares and who else?) As well, Newport granted 6 million employee stock options at $0.05 per share in December, 2013. (After letting their 10 options expire) It is hard to predict where the next score will be in the junior resource business, however investors need to be in the game to have any hope of participating. (and disclosure of what I would consider material information by management might also help)
Bullboard Posts