Another Angle of Why NEE is Soooo Undervalued.I'm a big shareholder of Northern Vertex ($NEE) and a couple points I wanted to highlight with Doug Hurst Recently being appointed as a director of New Found Gold ($NFG) a $1.4 billion exploration company.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2830-tsx-venture/nfg/98934-new-found-gold-appoints-douglas-hurst-founding-member-of-newmarket-gold-to-board-of-directors.html An impressive addition for NFG as Doug Hurst has been a serial mining entrepreneur with multiple major exits and buy-outs. This further validates him as one of the most knowledgeable and valuable businessmen in the mining space. He is also the chairman of NEE (Northern Vertex), a mining company in production, and cash flow positive in Arizona and another exploration projects in Southern Nevada on the Walker Lane Trend. NEE has only a $150 million market cap and has major upside for exploration and ramp-up in production. NEE just earned the title of “Arizona’s largest Gold and Silver Mine”.
Today NEE announced some previously drilled high grade oxide gold intercepts and the commencement of a drill program on its Moss property (where their operational mine is currently producing ~40,000oz gold per year).
https://www.northernvertex.com/news-releases/2021/northern-vertex-announces-previously-unreleased-drilling-results-and-follow-up-drilling-campaign-on-west-oatman-trend-near-the/ The drill program is going to take place just 2300m away from the Moss Mine. Now ask yourself this... which ore is most likely to get produced. Ore that is just meters away from an existing operational mine, or Ore that still needs major CapEx for processing infrastructure? NEE will need basically zero CapEx to extract this ore in comparison to an explorer looking to develop a resource from scratch. This fact will drastically increase the value of the ore on the Moss project and specifically the West Oatman trend where NEE is now drilling.
Now, NFG isn’t the only explorer with high market caps. Liberty Gold has a valuation of ~$400M. Great Bear Resources has a ~$850M valuation. Tudor Gold at a ~$520M valuation and Integra Gold has a ~$200M valuation. The list goes on and one. These companies have significant sized deposits, but my point is that Doug Hurst believes he can get our resource size to something significan, just like these names listed; and we already have the production established to get this ore extracted from the ground and sold. IMO NEE is DRASTICALLY UNDERVALUED!!