Is NXG management really as good as they say they are? Here is an interesting metric......NXG currently has $.56 per share in cash......after the warrants are exercised they will net $100 mil which will boost their cash per share to $.86. They will have more cash per share, but fewer gold oz per share. Houston, we have a problem because PMs are valued more for their gold reserves per share than cash per share. They need to convert that $100 mil into ounces in order to offset the reserve dilution and they have to do it in a value accretive manner, and in a highly competitive industry where everyone is searching for reserves. We are about to find out just how good NXG management is. Was the YD purchase a stroke of brilliance or just plain luck? Stay tuned........Spec
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