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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

Post by JayBankson Jun 11, 2022 6:49pm
431 Views
Post# 34749619

Watching the Treasury

Watching the Treasury

On May 10th : 4.3 million - announcement of dividend
On June 1st : 3.5 million - after dividend payment, after receiving the royalty payment it had 5.6 million

thats .8 million pulled out to make the dividend payment...

I should have mentioned the after dividend amount in my last post not the after royalty number, but that's an even lower number and bleaker picture...

3.5 = 3.3 cents per share in the treasury just to give the proper update now...

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