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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
Post by lookin2retireon May 07, 2014 8:06am
184 Views
Post# 22532441

More from Bob Moriarty on Newport

More from Bob Moriarty on Newport

May 07 Newport Exploration rapes own investors Bob Moriarty321gold

"The ongoing rape really gets interesting with their press release of December 19, 2013. Ms. Barbara Dunfield announced the company was granting just over 6 million options to directors and officers at a price of $.05 good for five years.

What Ms. Barbara Dunfield didn’t bother announcing was that on December 18, 2013, the day before, some 5,450,000 options granted to directors and officers at $.10 expired worthless. After all, who in their right mind would pay $.10 a share for a stock that had $.20 a share in cash and the cash was going up by $.015 a month?"

Bullboard Posts