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Noventa Limited T.NTA

"Paragon Resources PLC invests in the agricultural sector."


TSX:NTA - Post by User

Post by fishing2on Jan 18, 2011 9:09pm
510 Views
Post# 17993352

Slow start to a great story?

Slow start to a great story?I can't help but get excited about this one. Sure there is some risk but it's not in finding the goods to mine or in building a mine. These guys are tantalum producers with lofty near term targets. Correct me if I'm wrong, but I believe they are one of only two active non-conflict tantalum miners in the world (the other being in Australia, but they are private [no investing], and break even at $100/lb instead of NTA's $40/lb!). Given the current Ta price, breaking even at $40 provides a nice buffer to Ta fluctuations.

This should gain some momentum. This company trades on the AIM in London with incredible volume (especially these days). Perhaps Canadians are a little more apprehensive than the English about mining in countries like Mozambique? As far as I understand this country is mining friendly and has been stable for some time. I would still think there is less political risk than, say, mining in the States! New management is also addressing past production issues relating to infrastructure issues in the country (e.g, back-up generators) so they can transition into a 500 000lb/yr producer, soon..

The story has me convinced for a few anyways!
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