Some of the content was copied into the last thread, but thought it worth highlighting yesterdays report in a separate thread.
It hit my inbox yesterday morning. Given the international exposure of the report I wouldn't be surprised to see buyers continue to try and take positions today.
Along with their reasons for buying NWR they provide a brief history of the Nullagine Gold Project and the Blue Spec Gold Mine.
A link to the article here:
Speculative Report - NorthWest Resources ******************************** Conclusion: We believe Northwest Resources Ltd. is significantly undervalued and think it is likely they will be able to finance the start-up and expansion of the project based largely on the revenues stemming from their antimony byproductin effect using what was previously viewed as a contaminant to finance the operation of their gold mine, an elegant irony, if you will. ********************************
It will be interesting to see how it trades today, that 10c mark proved yesterday to be a bit of a barrier, but could be taken out today, starting at a much higher point and Gold was up again slightly overnight.
NWR Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
