fire sale on the oppies

NWR went XE to-day. There is NO concerted selling on the shares as the stock is very tightly held. All of the selling was vacummed up by several determined buyers over the last few days.

The oppies got dumped from 20 to 14 cents. Exercise price is 20 cents in 2008 (14 months to go). At the last sale price of 31.5 cents the oppies should be around 16.5 cents (5 cents time value). The only seller in the shares is at 34 for 50,000 with very thin selling disclosed. Even at 16.5 the oppies are a screaming buy. Please do your own due diligence and good luck to all longs.

IMHO NWR is the most undervalued listed gold stock in Australia. At 31.5 cent she is worth $17.3 million and has potential to produce somewhere between 60-200,000 ozs of very high grade gold per year, starting in about 17 months (counting down from last month).