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Newport Exploration Ltd NWXPF


Primary Symbol: V.NWX

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

Comment by JayBankson Aug 13, 2021 10:29am
205 Views
Post# 33700319

RE:tuppence........

RE:tuppence........

rad10 wrote: they claim a margin of safety but are paying out 2 cents...............  its all good

 

To be fair, at similar income receipts and same payout, they can continue this trend for about 10 quarters or 2 and half years before they run the well dry... That's a decent margin of safety, but not what we would like to see.

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