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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 blackgold14on Jun 06, 2014 12:57am
192 Views
Post# 22636139

attempts to talk the stock down will be futile

attempts to talk the stock down will be futile
But I want to thank you for selling your shares to me at 48 cents last week. The stock is worth at least a $1.50 a share (fully diluted) right now based on the $20 million plus in cash and marketable securities and a conservative price/cash flow (earnings) multiple of 10. Royalty companies like FRU trade at 25 times earnings. As production at least doubles over the next 1-2 years, the royalty and of course, the earnings and value of the company will double to at least $3.00 a share. What the company trades at in the market is a different issue. I'm not including the value of the copper mining project even though it is substantial. Heck I will be happy as can be if the private placement is cancelled but don't count on it. The management and insiders have friends in high places. (i.e. Doug Hyndman - look that name up). Let's focus on the company as it is now. By all means complain all you want to the various authorities but you're wasting your time. Nothing will happen. It never does. BCSC and TSX Venture Exchange are full of incompetent losers. The fact is that the stock only went up 5 cents on average to 20 cents for a month after the private placement. Investors didn't care about the royalty then and still don't today. That's why the company trades at a ridiculous level. 3 times earnings ????!!!! debt free !!!! are you fukking kidding me ???!!!
Bullboard Posts