gold stocks undervalued - the gold report, page-2

NWR

* 6.3c/131m shares = M/cap approx $8.25m
* $5.5m cash (as of December 2009)
* Approximately 4.2c cash backing

* Blue Spec
- Significant underground infrastructure exists at the deposit
- Proven treatment plant adjacent (configured for a throughput of 40 ktpa)
- Existing crushing and grinding units have a capacity of 100 ktpa
- Plant & infrastructure I will imagine will need refurbishment
- Seeking a co-venturer to progress the development

* Nullagine gold project current global JORC resource:
- 8.3 g/t gold for 353,000 oz
- 7,300 tonnes of antimony grading 1.02%