NWR - Northwest Resources

[pacer]

Dunno what this twiggs is but I hope it does drop so I can get some more.......a few twiggs wont make much difference will it....up trend I'm looking at.....gogogo

 

[stiger]

I like this one too and have been buying the ordinaries and the options.

Market capitalisation is hugely undervalued and all my conversations with the company and all that I have read of late, suggest that this is about to take off.

Lots of news flow over the next couple of weeks. Also, as noted here their land holding is smack-bang in the middle of Wedgetail Minings tenements. WTE are drilling the hell out of golden gate and IMO, WTE would see a the current NWR market cap as a bargin given all the iminent JORC compliant resource for Golden Spec, Green Spec and later this year Blue Spec...not to mention all the infrastructure.

And lets not forget that WTE has to pay NWR a royalty of $2 per tonne when they start mining Barton...that in itself is worth a couple of million.

So, IMO, look for a corporate move within the medium term.

SCD

I have held WTE for ages and scoured the net for positions of respective tenements ,so could be a big win win for me.Cheers Dyor. :

 

[maffu]

I bought 10,000 at .27 today, an announcement was made regarding more high grade gold deposits, but it did not budge the share price up unfortunatly.

Im looking to hold this for a few weeks to see where it goes, hopefully some more good news will come.

 

[x2rider]

hi there
Yeah i was a good bit of news . A bit of a pity that it happened to come out on such a bad day in the market . But future prospects look encouraging.
Cheers
Martin

 

[Vainglorious]

Don't overlook the fact NWR only owns 70% of the resource. The other 30% is free carried by a mysterious company which I think is probably connected to the directors.

In other words, NWR shareholders put in the money and somebody else skims 30% of the profit risk free (sounds like the government).

 

[saltyjones]

mind you their newly acquired tenements that include part of the red ribbon shear is 100% owned by nwr.

 

[stiger]

A close above 0.275 would be good, but bearish divergence makes it a no no for me.It could easily fall back again i.m.o.

Don't say that I've already chosen the colour of my new car.Cheers .Dyor

 

[pacer]

I think the 30% is the origional lease holders. Read it somewhere.

 

[Vainglorious]

I think the 30% is the origional lease holders. Read it somewhere.

IIRC it is buried in the Prospectus. All publications since don't mention it which means (a) management is not being fully open about the nature of the ownership (b) someone benefits by keeping the exact nature of the ownership slightly shielded from the market.

Sure, the grades of the deposit are very sexy, but I like open and honest management too (the same way I like my women )

 

[maffu]

Don't say that I've already chosen the colour of my new car.Cheers .Dyor

Maybe you should keep that colour in mind for a used car

NWR:
15 Sep 2006 -9.62%
14 Sep 2006 6.12%
13 Sep 2006 -5.77%
12 Sep 2006 -5.45%

 

[saltyjones]

you never know, maybe a good day to buy tomorrow!!!! just guessing!!!!!!!!!

 

[stiger]

you never know, maybe a good day to buy tomorrow!!!! just guessing!!!!!!!!!

This mob have to be the best spec buy on the market in regard to gold so be patient my friend and good things will come.DYOR.

 

[saltyjones]

This mob have to be the best spec buy on the market in regard to gold so be patient my friend and good things will come.DYOR.

the day i made my comment about buying tomorrow the shares were 23.5 cents. late afternoon the next day NWR were 27 cents. i was on the money!!! as with you too, striger, this saltyjones boy knows he's on a good bet. held for 18 months slowly accumulating on the dips. i'm sure the good announcement days are about to begin. clip your seatbelts on.........

 

[pacer]

Still no jorc though...they don't seem to be able to give a correct date on that one......am still accumulating myself, but it's a bit hairy the way things are going at the moment.....very quiet.

 

[stiger]

Still no jorc though...they don't seem to be able to give a correct date on that one......am still accumulating myself, but it's a bit hairy the way things are going at the moment.....very quiet.

Now that bin laden is allegedly off the Planet could be a good week.

 

[sydneysider]

I beg to differ. NWR has been under constant accumulation for a last three or four months, probably by a small number of folks. IMHO the news about NWR has gone "legit" with a very comprehensive report issued by JD Carmichael several weeks ago. Their analyst forecast that NWR has the potential to produce gold at the rate of 200,000 ozs per annum within twelve months.

I thought that it was quite unusual for a brokerage of Carmichael's standing to come out and make such an extremely bullish comment about a very small company capitalized at a mere A$14 million. He was extremely impressed by NWR's skill set and application. Their drilling campaign is built like an effort mounted by a large scale major. The drilling contractor running the drill program is a major investor and is currently running an 18,000 meter RC program on the two shear systems and a DD program on reserves definition at the Spec Mines where the gold grades are extremely high and very stunning.

The shear zones IMHO have the potential to host one of the hottest gold targets in Australia and the current RC drilling program will probably start outputting offical assay results within days IF the results duplicate the three Spec Mines IMHO NWR has the potential to do a "Metana" which operated in the Nullagine many years ago and ran from around 20 cents to over ten dollars.

 

[pacer]

Awesome.....thanks....i'm a bit useless on the reasearch side....$10 would be nice....another AUM....still picking a few up here and there.

 

[saltyjones]

it would make sense to announce the 3 jorc resources for golden, green & blue similtaneously. i'm assuming october. i hope 'sydneysiders' correlation with the 1990's metana s.p. spike is a prophesy fulfilled in short time.

 

[pacer]

Good time to think about accumulating again....NWR at 24.5..... 23.5 or less may be possible.

 

[asx256]

Northwest going deeper underground

Tuesday, 12 September 2006
Michael Vaughan

NORTHWEST Resources will continue drilling at its Blue Spec gold-antimony deposit until the end of the year in order to prepare a resource estimate for early 2007, with resource estimates for two other prospects at the project expected later this month.

(once again another delay which we dont like)

Northwest managing director John Merity told MiningNews.net today the company is on track to deliver resource estimates for the Green Spec and Golden Spec prospects at the Blue Spec Shear project in Western Australia in the coming weeks.

A diamond rig will complete 10 more holes at Blue Spec in order to prepare a resource estimate and test the depth extensions of the existing underground workings operated by Anglo American in the 1970s.

The results of two diamond holes recently drilled at Blue Spec have extended high-grade gold mineralisation to a depth of 120m below the workings.

Drilling hit 6.2m (true width 2.8m) grading 27.7 grams per tonne gold and 1% antimony from 469m down hole and 1m (true width 0.45m) grading 94.6gpt gold from 457m down hole.

Further drilling will test mineralisation to a depth of 150m and Northwest hopes to eventually define the resource to 300m below the workings.

The company is progressing a scoping study at Blue Spec Shear and hopes to restart production of the historic gold centre by early 2008.

Northwest believes the operation will be one of the highest grade gold mines in Australia when production restarts at a predicted head grade of more than 20gpt gold.

Shares in Northwest were off 1c (5.5%) at 26c in morning trade.

From technical point of view, well there is nothing to look forward to! they were however some activities last week(after the report was released), but nothing special. i think the best sign is when directors are adding!