RE:RE:Ellis Martin Report with New Age Metals' Harry BarrThanks for your comments BigRig
I'm slightly confused as a novice in the exploration industry thus I would appreciate your and Gonefishing insight. You made a couple of comments that confused me relating to timing/tactics and expectations.
PEA is in the works and would not be if this was not a valuable resource. I believe we SH's are reasonably convinced, after all these years and results that this is a significant and viable resource. However, patience isn't the most natural thing to conquer when there is friction caused by the SP dropping after such a long-term run to this late stage in the game. That said please help me clarify in my mind the sequence of events we should prepare for over the next 8-10 months or so.
SEDAR 43-101 will be released in 1-2 weeks, what if anything should we expect in SP? (And to clarify I understand you are not giving investment advice, nor am I asking.) Certainly, NAM has a banker/investment banking (firm) analyst that should be following them, and once the 43-101 is released, they should provide or could provide a research report revising the share price, etc. In doing so this should move the SP some, but not a significant amount. Let's say its a single, and the HR comes with the JV/Major take over.
12-18 months at the outside for a JV partner? Really, with $7 billion in metal resources in the ground. And given the fact that this metal is in short supply it could take 18 months to have a JV? That seems to be much further away than has been suggested, or based on the size of the resource. ????
What do you mean by with a JV they are going to run this as a series of open pits? This doesn't sound like they are going to sell it? This is confusing! That will stress the everyday investor to death. And the statement is inconsistent with some previous post???
If this becomes the case, the share price will continue to stagger like a drunk trying to walk down main street.
So guys if you don't mind, please provide some insight, I believe it will help novice shareholders understand the process and gather their patients. One thing is for sure once NAM gets to the finish line it should be a spectacular show. In the mean time it can be stressful.