RE:RE:RE:Interesting Conflict Realty, first off, I don't care how many ounces NGE has found to date, because I'm not investing in the past, I'm speculating on the future. Since they have discovered no resource, the market cap reflects this.
What the past has done, is provided invaluable geolgical and structeral data that current and new investors are essentially getting for free. The market is in a "show me" mode for the NGE groundwater technology. If you believe it has theoretical merit, then the company essentially becomes an educated lottery ticket.
From my analysis, the downside from here is maybe 50%. The upside is a multi-billion market cap. Which is potentially a 50 to 100 bagger. Absolutely worth throwing a small $10k or so at this type of lottery ticket. Downside is a $5k loss, while the upside is a Million $ plus range.
As for Dr. Hennigh, I have already spoken to him regarding another CTGD lottery play I have in Nevada. During our discussion, he mentioned that he believes around 65% of Neveda gold is under cover in the valleys. This is even higher than the 55% that is more commonly stated by others. Again, please call him yourself; you will learn alot from talking to him.
I never use ES as a gauge of how strong or not a company is. He has completely different motivations for his junior investments. I would argue they are also quite different than most smaller retail players, so they are irrelevant.
You seem very negative on NGE. This would suggest, you are hoping the stock drops so that you can either buy in, or because you are short. This is fine to me, shorts provide much liquidity in the market. In fact, if this is the case, I strongly urge you to increase your short position. Abslolutely go for it!
I have to admit, you are a much braver person than I, as given the risk reward I outlined above, I would never attempt such a strategy. Even a modest $10k short position could suffer a margin call in the hundreds of thousands if NGE were to halt the stock, and then announce an actual strike.
Cheers