North America Frac Sand Inc (NAFS)

[Grayhair]

SS:
NAFS appears to have huge potential. Some of the info from the website suggested that there were millions of tonnes of good quality frac sand based on the original drilling. That was done before the current consultant was retained and was not 43-101 compliant. If the current drill program comes even close to similar results and the results prove consistent across the 39,000 acres that the company controls, this could be huge.
Other advantages that make this play attractive include the geographic location and resultant cost savings for transportation for key fracing locations.
From the NR, it sounds like the 43-101 is in the final stages of being completed, so I would guess that it will be released in the very near future.
All things considered, at this price and with the very limited float, this company could be a fabulous opportunity.