NWR northwest resources limited

lots happening in the next week or so

  1. SCD
    3,438 Posts.
    I like this one too and have been buying the ordinaries and the options.

    Market capitalisation is hugely undervalued and all my conversations with the company and all that I have read of late, suggest that this is about to take off.

    Lots of news flow over the next couple of weeks. Also, as noted here their land holding is smack-bang in the middle of Wedgetail Minings tenements. WTE are drilling the hell out of golden gate and IMO, WTE would see a the current NWR market cap as a bargin given all the iminent JORC compliant resource for Golden Spec, Green Spec and later this year Blue Spec...not to mention all the infrastructure.

    And lets not forget that WTE has to pay NWR a royalty of $2 per tonne when they start mining Barton...that in itself is worth a couple of million.

    So, IMO, look for a corporate move within the medium term.

    SCD
 
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