To do a in depth drilling program NWM would need minimum $5ml. More and they can put CR's to bed for 12 months and concentrate on developing value in their leases.
They have a bad track record both in drilling, cancelling programs and corporate with zero marketing. Doubt this team will find a venture provider as stated last year so expecting broker placement moving forward.
E80/5846 could be a game changer especially in the N/E area adjoining WA1 and ENR. Access Agreement and Graphics still to come. Fingers xed this mob get a new lease of life with this new acquisition
NWM Price at posting:
2.9¢ Sentiment: None Disclosure: Held
