NWFFF New World Resource Corp featured news, full reports, and detailed charts
New World Resource Corp (NWFFF/NWFFF.PK) Wrap Up:
New World Resource Corp. engages in the exploration and development of mineral properties in Bolivia, Chile, Nevada, and Canada. It focuses on copper, gold, and silver. The company holds an option to acquire 75% interest in the Lipena gold-copper project located in the south-west department district of Potosi, Bolivia; and 80% interest in the La Negra project located in Central Chile. It also holds a 99% interest in the Pastos Grandes property located in the Sud Lipez province within the department of Potosi Bolivia; 100% interest in various gold claims in the Bald Mountain region of northeastern Nevada; and 8.2% interest in certain claims located near Afridi Lake, Northwest Territories. The company is based in Vancouver, Canada.New World Resource Corp (NWFFF:Pink OTC Markets Inc)
Snapshot of New World Resource Corp (NWFFF)
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OPEN
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PREVIOUS CLOSE
$0.24
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/10/09 - $0.32
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52 WEEK LOW
11/21/08 - $0.04
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MARKET CAP
6.6M
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AVERAGE VOLUME 3 mo
2.3K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
27.3M
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NWFFF Does Not Pay Dividends
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P/E TTM
NM
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NWFFF Top Compensated Officers
Executives, Board Directors
Key developments for New World Resource Corp (NWFFF)
New World Resource Corp. announced the appointment of William (Bill) McCartney as a director of the Company and as Chairman of its Audit Committee. Mr. McCartney has been a member of the Institute of Chartered Accountants of British Columbia since 1980 and was a founding partner of Davidson & Company, Chartered Accountants from 1984 to 1990. Mr. McCartney is a director and audit committee chairman of Mercer International Inc., a former director and audit committee chairman of Exeter Resources Corp., the director of business development and a founder of Dynasty Metals & Mining Inc., chairman and founder of Heart Force Medical Inc., and a member of the local advisory committee to the TSX Exchange.
New World Resource Corp. announced the results of the Pastos Grandes salar brine sampling program. The company collected a total of 15 brine samples and 4 surficial water samples on a modified grid covering the entire Pastos Grandes salar. The company’s Pastos Grandes project covers the eastern section of the salar. The results of this sampling program are consistent with historical sampling conducted by the US Geological Survey and the University of La Paz, demonstrating high lithium content of over 1,000 parts per million ('ppm') and a very low Magnesium/Lithium ('Mg/Li') ratio of 2.77 at Pastos Grandes. The data also confirms high levels of Potassium ('K'). The company’s exploration team is now mobilizing to the project for additional follow-up sampling and site examination with consultants that have expertise in brine exploration techniques to design the next phase of exploration. Pastos Grandes Concession, the Bolivian Altiplano is host to many alkaline and saline lakes and salars including the Salar de Uyuni. Pastos Grandes is located approximately 113 kilometres south southwest from Salar de Uyuni, within the same geological and geographical setting. This hyper saline lake/salar basin is surrounded by intermittent rivers and thermal springs discharging waters into the salar. The Pastos Grandes salar is elliptical in shape with the major axis of trending NW--SE and covers an area of almost 120 km.
New World Resource Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss of CAD 814,559 or CAD 0.04 per basic and diluted share compared to loss of CAD 312,782 or CAD 0.02 per basic and diluted share for the same period a year ago. Cash used in operating activities was CAD 148,441 compared to cash used in operating activities was CAD 264,927 for the same period a year ago. For the six months, the company reported loss of CAD 947,283 or CAD 0.05 per basic and diluted share compared to loss of CAD 565,012 or CAD 0.03 per basic and diluted share for the same period a year ago. Cash used in operating activities was CAD 391,175 compared to cash used in operating activities was CAD 389,372 for the same period a year ago. The company reported write-off of mineral property interests of CAD 528,654 for the second quarter ended June 30, 2009.
NWFFF Competitors
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Industry Analysis
| Valuation | NWFFF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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NWFFF transactions
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Private Placement
October 14, 2009 |
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Private Placement
September 1, 2009 |
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Private Placement
June 9, 2009 |
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