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Bullboard - Stock Discussion Forum NWM Mining Corporation NWMMF

GREY:NWMMF - Post Discussion

NWM Mining Corporation > Looking Ahead
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Post by stu.2 on Nov 11, 2012 9:00pm

Looking Ahead

Now that we have a pretty good idea that our COO (hopefully won't be surprised)  is not leaving we could be a little more constructive and look forward.....

Gold price is climbing and looks like it may make that parobolic move that some have predicted...Many analysts are saying that the juniors who produce are the ones who are going to benefit most due to their deflated sp.

Production numbers would be nice but we can speculate that  approx. 5000 likely to keep in line with 20000 annual...Financials will be comming out soon Nov.29th at the latest.

Question? we have the leach pads completed for 2012 mining requirements....will we have to begin building new pads once they have been fully stacked or can we recycle and use the pads that have completed the process... Last time they tried to reuse pads it failed miserably. (But they were older pads??)

 

Searched the net quickly didn't find anything conclusive. Would appreciate any info...This small project really needs to keep costs down or we will just keep spinning our wheels never able to move forward.

Comment by kykory on Nov 12, 2012 12:09am
they already cut many costs, since  2 weeks ago & they fire a lot expensive advisors and many companys from the mine site. the next week will be very interested many directors be to specify the tender for the mining.   nice comment stu.2
Comment by slick05 on Nov 13, 2012 2:21pm
Stu, Leach pad space is enough for years to come . On top of the 57,000 m2 leach space at Creston (built 2010-2011), They completed the monster 200,000 m2 Lluvia Dos which is supposed to service both lluvia and jojoba ore. That leaching issue couple years ago was because they thought they can reuse the old leach pads that have been stagnant for 10 years. Don't know which consultant signed off ...more  
Comment by stu.2 on Nov 13, 2012 7:36pm
Thanks for the information slick ...Should keep capital costs down for awhile... What happened today? Anonymous dumping at.05 at decent volume...wonder if it is Renvest unloading their free shares. Hopefully not Plaxton again he was anon last time...We will see if it continues... Give us some positive news please...  
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