GREY:NMKEF - Post by User
Post by
materialsgirlon Nov 19, 2019 11:39am
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Post# 30369646
NMX . TSX
NMX . TSXAlthough the listing is listed as "shares" on the TSX an investor should
view the investment as an option.
The NAV per share is likely negative.
Mabe $1.5 billion in total value for the ore body
Then deduct $1.0 billion for the royalty and $1.0 billion for the debt.
The net the NAV for shareholders is MINUS $1.0 billion
This may be the reality.
Also there is a 10% or 15% chance that the whole deal can be
described by Trump as a scam or a hoax. The ore body may be
useless. Worth zero if the ore cannot be extracted econmomically
due to foreign debris in the ore
NMX must be seen as an option that will likely go the dust with
a longshot chance of shooting up to 50 cents a share for a 3 bagger
mat