NWR 0.00% 0.6¢ northwest resources limited

It surprises me that there was no mention of an off-take partner...

  1. 108 Posts.
    It surprises me that there was no mention of an off-take partner regarding project funding. This has been mentioned multiple times in previous market releases.

    "Northwest has had strong interest from some of the largest Chinese antimony producers. Potential off-take partners are also substantial gold producers." --> Proactive Investors.

    An offtake partner would significantly de-risk the project. Although, given the current market environment I can't see the share price reflecting the project's potential until concentrate starts shipping.

    However, project seems to be advancing nicely. I liked these statements in the quarterly.

    " The mine design incorporating detailed planning of access, declines, level development, ventilation and second means
    of egress is complete."

    " A limited amount of further metallurgical work is required to improve understanding of grade-recovery relationships, upgrade the sequential iron-gold concentrate and to
    gather information required to consider retreating historical tailings."

    Sit tight.
 
watchlist Created with Sketch. Add NWR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.