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Bullboard - Stock Discussion Forum NWM Mining Corporation NWMMF

GREY:NWMMF - Post Discussion

NWM Mining Corporation > 100 ounces
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Post by kykory on Jan 11, 2013 9:39am

100 ounces

some info:

one of my fellas in the mine, say that are taking from the leach pat of lluvia de oro, 100 ounces daily.

good things are running in lluvia de oro, and it will be much better in the next days

Comment by stu.2 on Jan 11, 2013 10:10pm
Kykory you were correct once before I hope you are again...to jump up from 4700 ounces a quarter to 9000 ounces (according to your source) would be impressive and profitable since they have limited capital cost injections in the 4th quarter to increase cash flow We do need an update soon...what happened to the pp??? Operations may have been improved with the new operations team but the  ...more  
Comment by production05 on Jan 12, 2013 2:57am
  ``what happened to the pp???`` ``Key decisions need to be made soon including our own concerning the 10 to 1 one consolidation...``   An updated meeting notice was filed on SEDAR on Jan. 9th.  It looks like the March 12, 2013 planned meeting has been ``cancelled``.   It doesn`t state if another meeting will be scheduled at a later date.  They would need to schedule ...more  
Comment by slick05 on Jan 12, 2013 5:03pm
I sure hope they're processing that amount to meet 2013 guidance (35-40k). I'm sure company will update soon.
Comment by zzthnx on Jan 12, 2013 10:14pm
Thanks for that info. Kykory. Do you know if NWM is mining 7 days a week? If so, 100 ounces per day would be around 3,000 per month and 36,000 ounces in 2013. Cheers, zz
Comment by kykory on Jan 13, 2013 4:55pm
is the average daily, and is 7 days a week, also they are getting the ounces from the same pit, this is only from lluvia de oro, non of this ounces are from jojoba, some studies from the new manegement say they have  pleni mineral to get from there.  In the past 13 days they made 10 blast in lluvia de oro, so this mine have a lot gold, and right now is taking speed to be independent to ...more  
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