gold stocks undervalued - the gold report, page-25

I've made some good money and I am outta here , found another home for my winnings.

Could rally on the report, but the project looks to be a dead duck. They can never get bank finance for this. They need $20million minimum to get going. The resources are mainly inferred, the ore refractory and needs some terrifying high pressure leach plant to break it down

There is not enough proven ore to justify building a decline. thats just a punt and spin .

not only that they only own 65% of the project , the rest held by an offshore shelf company. NWR only asset is a 65% holding in Tupperglenda Pty Ltd which owns the project

Still reality means nothing in this game so good luck.

Its neighbour MOY has a better chance, but costs are very high. I estimate total costs will be around $900 an ounce, to close to the bone . Though of buying back in there having sold out 6 months ago, but the costs and need to raise $70million are big negatives