Thoughts from an analyst on Bay St.
This stock will not move significantly until there is clarity on the SOE that China intends to use to formally acquire a majority interest in Nemegos.
Upon release of that information there will be a Government of Canada review regarding the acquisition of the asset and it's strategic importance to resource development in Canada.
(Nemegos is an important deposit of a mineral in escalating demand. This may or may not help the share price, but the project will receive unprecedented exposure.)
The problem with this stock, not the property is as follows:
1. Pink Sheet Listing (no institutional investors will touch this market, which is needed to attract funding)
2. CTO in Canada (Toronto is the mining capital of the world. even if there is limited domestic investment, access to funding through global markets is strong). If no Canadians can move the stock and be compensated; why would they get involved?)
3. No resource definition (Instead of confirmation of the historical asset the company has wasted its exploration budget on geophysics to expand the resource without first qualifying what is historically known under 43-101)
4. Management is using and has its own funds to develop the project. This means that the stock price is not important as management's long term divesture or sale of the asset. This in turn demonstrates that there is relatively little concern for the day to day stock price, which seems to be the only concern of most contributors to this board, but not of management.
5. Scott Keevil is honest. He has no idea how to market and pump a stock.
These are the issues with the share price, not the property. This will eventually become a mine, but the potential for SRSR shareholders is completely unclear.