Message for thoses who worry a bit! I was little worry about my investment at Nox a couple of weeks ago when the share price was around $0.15
and i had an e-mail chat with the invesment relation person at Nox.That's why i will stay long in NOX.Here is what he told me:
We have close to $6,000,000 in the bank and a burn rate of less than $1,000,000 per year, so we are fine financially. We have over 2,000,000 oz gold deposit that is worth much more than where we are trading. Our partners Hecla/Aurizon may still continue with the development program which means they would have to fund another $9,000,000 before September. If they do not then we retain 100% of the deposit and received $9,000,000 from Aurizon already without issuing any shares (no dilution). I think NOX has done a great job to develop the asset at limited dilution to shareholders. If gold has bottomed (I think it has) then markets will improve by the fall and even without Hecla several other mining companies are interested in our property. Hang in there, things will improve.
Regards,