Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

New Age Metals Inc V.NAM

Alternate Symbol(s):  NMTLF

New Age Metals Inc. is a Canada-based junior mineral exploration and development company. The Company is focused on the discovery, exploration and development of green metal projects in North America. It has two divisions: Platinum Group Element division and Lithium/Rare Element division. Platinum Group Element division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, which is a North America’s undeveloped Platinum Group Element Projects, situated 100 kilometers by road east of Sudbury, Ontario. In addition to River Valley, the Company owns 100% of the Genesis PGE-Cu-Ni Project in Alaska. Lithium/Rare Element division is a mineral claim holder in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements, such as tantalum, rubidium, and cesium. Its Lithium Project includes Lithium One, Lithman East, Lithman West, Lithman North, Lithium Two, Lithium East Extension and Cat Lake Lithium Project.


TSXV:NAM - Post by User

Bullboard Posts
Comment by BigRiggon Apr 04, 2018 1:08pm
83 Views
Post# 27829806

RE:RE:RE:Gonefishing & BigRig; Latest NR ?

RE:RE:RE:Gonefishing & BigRig; Latest NR ?Hey Golfer,

BR here.  To clarify, a sale of what's in the ground (more chances with a PEA than with an updated 43-101) would be around 5 - 10% of say $5 Billion for arguments sake.

So there are 130 milion shares fully dilluted.

That's $38.46 USD per share

10% is $3.85 USD

5% is $$1.92 USD

So the delta from the curent 9 cent USD share price is 21X  to 42X return.

I'm happy with that, even if it takes a year.

PEA will be accelerated with a JV, as will the share price, almost immediately.

PEA if NAM continues on it's own will likely be Q4 or Q1 2019, all things being equal.

The formal updated 43-101 is due end of April though likely to be delivered sooner, say April 15th as GoneFishing has suggested.

Now if there is a bidding war, all bets are off.  This could go to half or more the amount in the ground.  ($20USD per share)

Now that's some serious golfing money right there, and depending on how many shares you hold, you could buy a course or two.

:-)

BR
Bullboard Posts