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Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a Canada-based mineral resource company. The Company is primarily engaged in the acquisition and development of mineral properties. The Company holds an 88.5% economic interest in the Sisson Tungsten and Molybdenum Project (the Sisson Project), located in New Brunswick, Canada. The Sisson project is located on Crown land in central New Brunswick, approximately 100 kilometers northwest of Fredericton by road, and near the communities of Napadogan, Juniper and Stanley. The project is situated within the Nashwaak Watershed. The Sisson Project-area is served by local and regional infrastructure, including highways, roads, railways, deep sea ports and power lines.


TSX:NCF - Post by User

Post by seveneleven711on Feb 29, 2024 10:29am
42 Views
Post# 35906357

opinion

opinionThere are ~ 600 million shares fully diluted in NCF, with Todd holding ~485 million, other insiders (management/directors) hold ~15 million. That leaves ~100 million shares. Of those 100 million my guess is 30 million are in the hands of non-insiders that are close to insiders( family, friends, etc...). That leaves ~70 million to small retail unsophisticated types like me. I believe that when the starting pistol goes off, "they" will begin to gobble up these ~70 million shares. If I may use the following analogy, "the runners are now (with todays NR, next week's Toronto presentation) approaching the starting line". Next will be "on your mark", then "get set", then "the crack of the pistol and go" Timeline???. But, updated EFS is coming, then finance, construction and off-take news. Let's see what happens.
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