NWGC Recent activities 08/09/2014 22:45:56 $NWGC
You're right I'm a horrible trader with worthless analytics and no one has been crying about unsubstantiated dilution for 3 months...the fact that I mix up who and the amount of time they have been claiming dilution is negligible. If that is what you took away from the post, then it wasn't directed at you and didn't warrant a response... Quite frankly I'm completely over debating with anyone why I've parked such a large portion of my money here. I'm not asking or begging for anyone to join me. I never understood why there has to be such intense debates on both sides. If you like the company or a chart go long, if you don't, go short. Plain and simple. Let everyone, including myself make our own financial decisions.. I respect you as a trader and an intelligent person. I would hope you have the same thoughts... I hope you make good money on all your trades regardless the company. We are all in the markets for the same reasons and our time would be much better spent.
Silk
Page 3 of the sister companies disclosures prove otherwise
http://www.otcmarkets.com/financialReportView...;id=120308
no
Silk...I really do think you should proof read your posts prior to publish. First, if you tally the total volume for last three months you will find the average daily volume was less than 20M...not 30 M as you state..huge difference! Second, your post was directed at daysleepers...("You"
... Stating that he has posted about dilution for last three months, when in actuality Days first nwgc dilution post was just one month ago on July 9... Tough to give your thoughts any credibility when data is wrong to begin with...and I do expect more from a top leader of the nwgc alert group. Hopefully your future DD will be more true to form.gl
Conference Call Transcript up to Q&A
People have made the comment that we have no feasibility studies, no reports, no 43-101, in reality the company….I’m a geologist myself; I did the initial report. Then we went out and hired an independent engineer, Duncan Bain. Duncan Bain is fully accredited with the SEC. He turned around and he has written the independent reports for us that back up the companies own internal reports. Duncan’s reports actually give a higher level of reserves than our own internal reports do; I would say I’m more conservative than Duncan is at this time. He is according to the SEC, the qualified person as defined in the national instrument 43-101. His reserve numbers - we haven’t published - because we prefer to stay with the old in house reserve numbers that we have. We have published where we have proven, developed, producing reserves of 455,000 oz of gold, and proven non-producing of 400,000 oz of gold. Our milling costs are $310 per oz and our extraction costs are $455 per oz, so we are in full production and we are doing very, very, very well. We have backup independent studies on everything that we’ve done. Any of our analysis we have done – we do an analysis in our own lab, then we have a secondary analysis done by independent labs to verify the results of our own people and what has been done.
Then in terms of silver, the comment has been made that we have no silver. We had Mr. Bain do a separate report just on silver, and this is a report that told us what our silver reserves are – our silver reserves are quite good, and in most cases, are proven. We have not released that information and we don’t feel any need to. We don’t publish a lot of the technical information that we get like a lot of companies do because we don’t feel the need to promote what we’re doing. – We’re IN production! We’re producing - We’re generating cash, we’re making a profit.
We turned the Aruma mill, from when we moved in, from 150 tons a day to 260 tons a day, and the profits that we’re making – we’re putting back into the ground and upgrading the mills. We also do contract milling, from small miners that have no mill, and we get paid for our milling costs plus a percentage of the gold that we mill for the independent miners. These independent miners, for the first time, are getting a cash flow out of their tailings ponds. Their mines - where they used to just take things to the tilly mill and just put everything in the tailings ponds – we now process that for them. We’re doing that for 5 separate mines right now. We’re negotiating with another 9 mines to do their milling for them as well. Everybody doesn’t seem to realize that having the mill is a huge advantage over everybody else. It allows us to process our own reserves, it allows us to process other people’s reserves on a contract basis, and we get a percentage of all we produce for them. 30% is from our own reserves and 70% from the contract milling. For the mining of old tailings piles, we developed portable concentrators, that can go into remote areas. We find gold in old tailings piles from the mines, create concentrates, and then take the concentrate back to the mills and process it. These are very profitable and see a return on investment in under 4 months.
On our financial statements, we have revenues of $4.9M, and for the first six months of the year, a profit of $1.5M. Our balance sheet shows that we have total assets of $12M dollars and we have liabilities of $4M dollars – basically a 3:1 asset to liability ratio. We’re very strong, with an excess cash flow, and that cash flow piling is going back into expanding our operations – looking for additional tailings piles, looking for additional projects where we can do milling. Our future plans will be to continue to do this. People are coming to us with raw exploration play -plays that have been drilled and are ready to go into production, and we’re able to assess them. And we’ve gotten everything based on where they are in location to our mills, and if we can, we will take on a project where they’ve never had production, but have agreed to gold reserves and bring it to our mills.
Once thing people are forgetting are the value of the mills themselves. These mills are good for 15-20 years worth of operations, and the ability to generate cash flow. We believe the value of each mill is $15-$20M dollars. But of course you can’t put that on your balance sheet, you can only put the value at cost; our actual cost is around $7M. We will continue with the milling as a priority. We expect to add one more mill this year, and we expect to define our own reserves to a further extent. Duncan Bain, when he wrote our report for us in October, 2012, he defined a program for us that will allow us to extend our reserves and our tentative reserves. At the same time, he felt we had a copper reserve that needed to be looked at through a drilling program. We will do that this year under that spot.
What we’re also looking at doing is enhancing the shareholder value. And do enhance the shareholder value there is a variety of things the company can do. The fact that we have excess cash flow right now, gives us the ability to take certain steps that will enhance the value of this stock. We expect to make announcements over the next little while, as to what we’re doing and how we’re doing it. Some people have asked us to do a buyback. The issue with part of a buyback is that you have to have financial statements that show you have been profitable for two years. We have those financial statements, we meet all the criteria financially and corporately, to be able to do something like a buyback or other issues as we go along.
So that is a general feel for what the company does and how it does it. It does very well. We expect to continue to do very well. We expect that revenues this year will exceed last year’s revenues. Our 6 month numbers show that. And every year we expect to grow as we maintain and increase the capabilities of the mills and the yields, and the ability to process higher value ore.
That summarizes the company, I will now take any questions anyone has.
Did bob give NWGC and Roy meadows billions of shares from the sister company? Fact or no?
So how is could and likely the same thing?
Did you not say "As of sept 2013. Great point. Could be 5000 right now, correct?" Now you're just playing word games which speaks a ton about your credibility and the validity of all that you have posted. When you can't answer the question, change the argument.
Cite where I said likely. Thanks
We're to believe that based on the 230 shareholder number as of 9/2013 there were 20 buyers for every single seller? Please show me your source for saying there are likely over 5000 shareholders. Or at the very least, please show me how you came up with that number. The only fact is that you pulled that number out of your hat (or somewhere about 3 feet lower)
It's called compilation--management's representation.
I would expect that audits will be necessary after the news.
Lol ok, now lets see the filings and proof like every other legit gold ticker puts out. "trust me" bob says...
We're to believe that there hasnt been a single shareholder, sell or buy in a year? Really?
Bux posted it--provided by management
Wow, seems to not be an answer to the question asked. However, if that is your answer, we will have to take it for what it is.
GLTA
Wow
Correct. I do. We agree.
Where would they be different? Cite your sources.
But the real fact is that you know the laws here!
That's 100% untrue. You're citing sept 2013 numbers
You're right I'm a horrible trader with worthless analytics and no one has been crying about unsubstantiated dilution for 3 months...the fact that I mix up who and the amount of time they have been claiming dilution is negligible. If that is what you took away from the post, then it wasn't directed at you and didn't warrant a response... Quite frankly I'm completely over debating with anyone why I've parked such a large portion of my money here. I'm not asking or begging for anyone to join me. I never understood why there has to be such intense debates on both sides. If you like the company or a chart go long, if you don't, go short. Plain and simple. Let everyone, including myself make our own financial decisions.. I respect you as a trader and an intelligent person. I would hope you have the same thoughts... I hope you make good money on all your trades regardless the company. We are all in the markets for the same reasons and our time would be much better spent.
Silk
Page 3 of the sister companies disclosures prove otherwise
http://www.otcmarkets.com/financialReportView...;id=120308
no
Silk...I really do think you should proof read your posts prior to publish. First, if you tally the total volume for last three months you will find the average daily volume was less than 20M...not 30 M as you state..huge difference! Second, your post was directed at daysleepers...("You"
... Stating that he has posted about dilution for last three months, when in actuality Days first nwgc dilution post was just one month ago on July 9... Tough to give your thoughts any credibility when data is wrong to begin with...and I do expect more from a top leader of the nwgc alert group. Hopefully your future DD will be more true to form.gl Conference Call Transcript up to Q&A
People have made the comment that we have no feasibility studies, no reports, no 43-101, in reality the company….I’m a geologist myself; I did the initial report. Then we went out and hired an independent engineer, Duncan Bain. Duncan Bain is fully accredited with the SEC. He turned around and he has written the independent reports for us that back up the companies own internal reports. Duncan’s reports actually give a higher level of reserves than our own internal reports do; I would say I’m more conservative than Duncan is at this time. He is according to the SEC, the qualified person as defined in the national instrument 43-101. His reserve numbers - we haven’t published - because we prefer to stay with the old in house reserve numbers that we have. We have published where we have proven, developed, producing reserves of 455,000 oz of gold, and proven non-producing of 400,000 oz of gold. Our milling costs are $310 per oz and our extraction costs are $455 per oz, so we are in full production and we are doing very, very, very well. We have backup independent studies on everything that we’ve done. Any of our analysis we have done – we do an analysis in our own lab, then we have a secondary analysis done by independent labs to verify the results of our own people and what has been done.
Then in terms of silver, the comment has been made that we have no silver. We had Mr. Bain do a separate report just on silver, and this is a report that told us what our silver reserves are – our silver reserves are quite good, and in most cases, are proven. We have not released that information and we don’t feel any need to. We don’t publish a lot of the technical information that we get like a lot of companies do because we don’t feel the need to promote what we’re doing. – We’re IN production! We’re producing - We’re generating cash, we’re making a profit.
We turned the Aruma mill, from when we moved in, from 150 tons a day to 260 tons a day, and the profits that we’re making – we’re putting back into the ground and upgrading the mills. We also do contract milling, from small miners that have no mill, and we get paid for our milling costs plus a percentage of the gold that we mill for the independent miners. These independent miners, for the first time, are getting a cash flow out of their tailings ponds. Their mines - where they used to just take things to the tilly mill and just put everything in the tailings ponds – we now process that for them. We’re doing that for 5 separate mines right now. We’re negotiating with another 9 mines to do their milling for them as well. Everybody doesn’t seem to realize that having the mill is a huge advantage over everybody else. It allows us to process our own reserves, it allows us to process other people’s reserves on a contract basis, and we get a percentage of all we produce for them. 30% is from our own reserves and 70% from the contract milling. For the mining of old tailings piles, we developed portable concentrators, that can go into remote areas. We find gold in old tailings piles from the mines, create concentrates, and then take the concentrate back to the mills and process it. These are very profitable and see a return on investment in under 4 months.
On our financial statements, we have revenues of $4.9M, and for the first six months of the year, a profit of $1.5M. Our balance sheet shows that we have total assets of $12M dollars and we have liabilities of $4M dollars – basically a 3:1 asset to liability ratio. We’re very strong, with an excess cash flow, and that cash flow piling is going back into expanding our operations – looking for additional tailings piles, looking for additional projects where we can do milling. Our future plans will be to continue to do this. People are coming to us with raw exploration play -plays that have been drilled and are ready to go into production, and we’re able to assess them. And we’ve gotten everything based on where they are in location to our mills, and if we can, we will take on a project where they’ve never had production, but have agreed to gold reserves and bring it to our mills.
Once thing people are forgetting are the value of the mills themselves. These mills are good for 15-20 years worth of operations, and the ability to generate cash flow. We believe the value of each mill is $15-$20M dollars. But of course you can’t put that on your balance sheet, you can only put the value at cost; our actual cost is around $7M. We will continue with the milling as a priority. We expect to add one more mill this year, and we expect to define our own reserves to a further extent. Duncan Bain, when he wrote our report for us in October, 2012, he defined a program for us that will allow us to extend our reserves and our tentative reserves. At the same time, he felt we had a copper reserve that needed to be looked at through a drilling program. We will do that this year under that spot.
What we’re also looking at doing is enhancing the shareholder value. And do enhance the shareholder value there is a variety of things the company can do. The fact that we have excess cash flow right now, gives us the ability to take certain steps that will enhance the value of this stock. We expect to make announcements over the next little while, as to what we’re doing and how we’re doing it. Some people have asked us to do a buyback. The issue with part of a buyback is that you have to have financial statements that show you have been profitable for two years. We have those financial statements, we meet all the criteria financially and corporately, to be able to do something like a buyback or other issues as we go along.
So that is a general feel for what the company does and how it does it. It does very well. We expect to continue to do very well. We expect that revenues this year will exceed last year’s revenues. Our 6 month numbers show that. And every year we expect to grow as we maintain and increase the capabilities of the mills and the yields, and the ability to process higher value ore.
That summarizes the company, I will now take any questions anyone has.
Did bob give NWGC and Roy meadows billions of shares from the sister company? Fact or no?
So how is could and likely the same thing?
Did you not say "As of sept 2013. Great point. Could be 5000 right now, correct?" Now you're just playing word games which speaks a ton about your credibility and the validity of all that you have posted. When you can't answer the question, change the argument.
Cite where I said likely. Thanks
We're to believe that based on the 230 shareholder number as of 9/2013 there were 20 buyers for every single seller? Please show me your source for saying there are likely over 5000 shareholders. Or at the very least, please show me how you came up with that number. The only fact is that you pulled that number out of your hat (or somewhere about 3 feet lower)
It's called compilation--management's representation.
I would expect that audits will be necessary after the news.
Lol ok, now lets see the filings and proof like every other legit gold ticker puts out. "trust me" bob says...
We're to believe that there hasnt been a single shareholder, sell or buy in a year? Really?
Bux posted it--provided by management
Wow, seems to not be an answer to the question asked. However, if that is your answer, we will have to take it for what it is.
GLTA
Wow
Correct. I do. We agree.
Where would they be different? Cite your sources.
But the real fact is that you know the laws here!
That's 100% untrue. You're citing sept 2013 numbers
