With over 7 mill in cash why don,t they make themselves availiable to a joint venture with some other juniors out there already in production but cash strapped get the production and cash flow happening and come back in a couple of years and mine what they have. they are in a very remote and expensive part of australia to develope, put the money to good use elsewhere and come back and have another go when the outlook is a little better. the economics of nwr stack up ok but the timing is lousy even though aus gold price is good.
NWR Price at posting:
3.2¢ Sentiment: Hold Disclosure: Not Held
