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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 arcoe1on May 22, 2014 7:00pm
144 Views
Post# 22589802

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:oil/gas royalty co. trades at PE of over 25, NWX at 2.7

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:oil/gas royalty co. trades at PE of over 25, NWX at 2.7blackgold14 Just to set the record straight, after holding shares for 20 years in a company that never did anything other than manage a bank account and the ongoing share price reflected same, I gradually came to the conclusion that my money could be better deployed elsewhere. Apparently you think that wasn't long enough and I should have maybe given them another 20 years? The cash value of shares means nothing if the market does not appreciate that condition and this one surely didn't in many many years. As for financial statements, I don't know of anyone who values their time so little that they would spend any of it pouring over the quarterly reports of a shell company that has never made a nickel, certainly not over a 20 year period.
Bullboard Posts