Balance...In balancing thoughts here, IF Alpha drills and hits something decent this winter, things could really turn around for NX. But a number of things need to occur for that to happen.
1) Noka needs to keep the lights on. In order to do so more money needs to be raised, if it can be. This will cause a further substantial dilution.
2) Alpha needs to have Lady Luck on their side. We all saw how WASP's drilling went.
3) If 1&2 occur and this is coupled with a possible modest (at best) boast to the uranium spot price then you've just hit the jackpot.
Given that the performance measures are based mostly on Alpha's management, then maybe 4 cents is worth the price of admission. However, if that's the angle, my understanding is that Alpha is decently cashed up so why not play the Carpenter angle directly through them? The entry fee is higher but there's a much bigger buffer. To each their own.