Newport Exploration Ltd NWXPF

Primary Symbol: V.NWX

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.

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Newport Exploration Ltd > I want this one to drop so i can grab more

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Comment by Hunguson Jan 18, 2021 3:39pm

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Post# 32321979

RE:RE:RE:I want this one to drop so i can grab more

Well, I really hope they do keep the dividend steady at 3 cents - then I'd seriously consider loading up here. However, just looking at their history, they haven't paid out more than 6 cents / per year in dividends since 2016. I can't really find a reason for them to double it this year.

Their balance sheet hasn't improved since then either (it's been stagnant IMO) - so I'm not even sure a huge increase would be all that sustainable for them right now.

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