Hi The Stig. They sold their newish gold tenements. They still...

Currently unlisted. Proposed listing date: WITHDRAWN

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westcott

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19/04/15

12:04

Post #: 15113878
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Originally posted by The Stig ↑

Hi all

Thanks for the SWOT analysis FMF, I feel it covers the thought patterns well, and one I use for most decisions also.

There is a query though; I do understand NXR is/was a mining company, and after careful review of their existing tenements, which appear as good opportunities to farm or sell out for retainers, as I note the company has focussed almost entirely on WBT in recent times, action would be viewed as vote of utter confidence.
Q: Would if not be prudent to sell or farm out the mining arm?

Thoughts?

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Hi The Stig.

They sold their newish gold tenements. They still have their Guinea Iron Stone Tenements.
The Wave Front deal could end up allowing them to continue with exploring their iron ore options. Good Iron Ore Tenements, that need joint venture or funding for getting iron ore to Port.
Other minerals like Bauxite in and around them in Guinea. Top Class Companies around them in Guinea.

Regards
Westcott.

NXR Price at posting: 7.6¢ Sentiment: None Disclosure: Held
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Hi The Stig. They sold their newish gold tenements. They still...

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