Well, right now NWM is a bullet proof. Why? Since hiring new engineers they improved production numbers "big time". The details are provided in last update. Also, I hear they do what they said they would: over 100 ounces a day on average, paying off their debt and someone is looking at NWM for possible buyout (could happen around July, August or September). The company that is looking at NWM is listed on NYSE.
Not sure about PP but you might be right Stu.2 in regards that they do not need it any more. I think the proposed 3000m exploration program is under way (will have dig into this one).
I believe that some concrete evidence was presented in last update and that's way we are slowly moving up and did not go down when some other gold stocks did.