Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

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

Newport Exploration Ltd

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Post by RollinInDoughon Sep 24, 2019 11:54am

81 Views

Post# 30159129

frankufool

I deserve it alright.... just made 6 cents on a 30 cent stock in only 3 months...LOL frank don't get this divy stuff.... you see dimwit... NWX just paid out $6 mill so the company is worth $6 mill less.... or 6 cents a share... this is expected by anyone with half a brain cell.... not frankufool though, he is stoooopid...lol

so bad huh?

I took out the divy and hold the shares cause in 6 months, when Beach inform us they are on target for 20K oi per day from our GOR land... then NWX will get closer to $6 mill a qtr in royalty... then you take out the tax and company expenses.... still a big cash machine...

I deserve this cause I am smart! lol

Bullboard Posts

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