Tuesday, January 18, 2011 12:01:50 PM
Wow Sterling,
I am really impressed with your DD and learned a lot from it. The price of gold has dropped to $1300 an ounce but that still leaves your estimate in the ballpark.
I look at the level2 pricing by the MM's and all I see is them trying to drive the price down and play with it as they do with all of the stocksbut, I don't think that they can do much when the price is set by the valuation of an assayer or mining engineer.
The big question in my mind is when do they set the valuation on the assests in order to establish a stock price? I have done some mining studies and helped on prospecting ventures and the value was normally set by drilling or trenching samples and confirmed by the assayer or mining engineer's report of analysis. The formal report was the vehicle to set the value. One cannot just say they have 1.4 million oz of gold, they have to prove it.
In the case of NWTT, that's been done. So why the low stock valuation? We should be looking at a much higher stock price right now. IMHO
Tom Naylor
I am really impressed with your DD and learned a lot from it. The price of gold has dropped to $1300 an ounce but that still leaves your estimate in the ballpark.
I look at the level2 pricing by the MM's and all I see is them trying to drive the price down and play with it as they do with all of the stocksbut, I don't think that they can do much when the price is set by the valuation of an assayer or mining engineer.
The big question in my mind is when do they set the valuation on the assests in order to establish a stock price? I have done some mining studies and helped on prospecting ventures and the value was normally set by drilling or trenching samples and confirmed by the assayer or mining engineer's report of analysis. The formal report was the vehicle to set the value. One cannot just say they have 1.4 million oz of gold, they have to prove it.
In the case of NWTT, that's been done. So why the low stock valuation? We should be looking at a much higher stock price right now. IMHO
Tom Naylor
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