NWR 0.00% 0.6¢ northwest resources limited

gold stocks undervalued - the gold report, page-2

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    NWR

    * 6.3c/131m shares = M/cap approx $8.25m
    * $5.5m cash (as of December 2009)
    * Approximately 4.2c cash backing

    * Blue Spec
    - Significant underground infrastructure exists at the deposit
    - Proven treatment plant adjacent (configured for a throughput of 40 ktpa)
    - Existing crushing and grinding units have a capacity of 100 ktpa
    - Plant & infrastructure I will imagine will need refurbishment
    - Seeking a co-venturer to progress the development

    * Nullagine gold project current global JORC resource:
    - 8.3 g/t gold for 353,000 oz
    - 7,300 tonnes of antimony grading 1.02%
 
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Currently unlisted public company.

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