http://stockcharts.com/gallery?ngt.v ... not a bad entry around here imho ... still might come some out in the .20s but i wouldn't bet on it .... last year ngt started slowly getting more healthy into november, then early in december began full recovery .... and it won't get ripe till spring imho - my main interest right now is to see it close at .40 or so tomorrow so i can win Al's weekly contest on SI -g-, but really it won't reach sellable maturity for months
September was pretty harsh, insipid bump up from summer trough and then another tankola ... partly uncertainty of the management issues now being resolved, but also the PoG wasn't helping much, most all of the juniors have tanked back considerable ... a blahh time
I did some rough numbers, figured at .30 ngt and .45 aas the combined market caps were 17-18 millions US ... this was fully diluted and of course cash comes in on full dilution, so really net net it's around 15-16 millions, maybe a shade less .. no matter, take usd18m and divide by the 3m ounces of Mulatos, you get a current market value for each ounce of 6 bucks US ... that is pretty cheap imho, especially when in the bargain you get somebody like Chester Millar, who will get financing if anybody can anywhere ...... Placer and Kennecott spent 30 millions US developing this property, now they've got the tax loss and we've got the mine ... sure hope we're the smart ones -g- .... cheers
September was pretty harsh, insipid bump up from summer trough and then another tankola ... partly uncertainty of the management issues now being resolved, but also the PoG wasn't helping much, most all of the juniors have tanked back considerable ... a blahh time
I did some rough numbers, figured at .30 ngt and .45 aas the combined market caps were 17-18 millions US ... this was fully diluted and of course cash comes in on full dilution, so really net net it's around 15-16 millions, maybe a shade less .. no matter, take usd18m and divide by the 3m ounces of Mulatos, you get a current market value for each ounce of 6 bucks US ... that is pretty cheap imho, especially when in the bargain you get somebody like Chester Millar, who will get financing if anybody can anywhere ...... Placer and Kennecott spent 30 millions US developing this property, now they've got the tax loss and we've got the mine ... sure hope we're the smart ones -g- .... cheers
Recent NGT News
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