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Bullboard - Stock Discussion Forum NWM Mining Corporation NWMMF

GREY:NWMMF - Post Discussion

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Post by wteesdale on Nov 09, 2011 2:47pm

New Flow

Current news flow from NWM is generally positive - they did obtain moderate additional financing, without the need for an additional placement, they got the road permit and the final permit to mine La Jojoba. Note also in the news release the following: "Recent analysis suggests that a significant part of the La Jojoba gold reserve does not require more capacity to extract copper from leach solution than we already have available onsite," which is additional good news. My view is the .10 is a good price to be buying these shares, and that it will not last. I expect that the next production update to be the impetus to send the sp higher, so I added to my holding today.
Comment by babedinkleman on Nov 11, 2011 12:43am
This post has been removed in accordance with Community Policy
Comment by babedinkleman on Nov 11, 2011 1:36am
This post has been removed in accordance with Community Policy
Comment by HonestAbe on Nov 11, 2011 3:06am
Babe, good rant and many shareholders probably feel the same as you.  Lots of folks now underwater on their shares and some might have reduced their average cost with some trading but are still stuck in a leaky boat.  So what would be the action plan now given the current situation?  Would you have faith to continue to buy more shares in this situation if the shares dropped to the 8 ...more  
Comment by babedinkleman on Nov 11, 2011 4:20am
This post has been removed in accordance with Community Policy
Comment by production05 on Nov 11, 2011 5:00pm
```Recent analysis suggests that a significant part of the La Jojoba gold reserve does not require more capacity to extract copper from leach solution than we already have available onsite. In 2012 the Lluvia-Jojoba project will be expanded into two producing mines, with each mine concurrently feeding ore to the newly constructed Lluvia Dos leach pad. Economies of scale are improved with the ...more  
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