Distortion once again...tens of Millionsto be spent in NFLD on dozens of properties, with "aggressive, focused Cos." vs. a few Million in NB.
Cos. are paying multiple millions for just the earn-ins in NFLD and NB has a few early stage Cos. to say they are part of the same rush in NFLD?Atalantic Canada is a complete distortion of facts IMO.
PUMA, (atleast two rollbacks in their share structure over the last few years(read thru their storied past/NR it is all there in black and white), so no NB is not a "slamdunk as ppl will suggest", mining takes alot of cash and plenty to go right) and in the case of SXL, light on cash, with no definite drill program, trying to raise cash based on more trenching results.
While I agree things in the sector and sentiment must be better and their/SXLs' market cap is low, if it is not going to drilled again(possibly another season of NO COMMITMENT) , really what is it worth if your money/cash is tied up in Co. that is idle....if your cash is endless, mine is not, continue to sit and wait for these guys to engage Work in NFLD does NOT equate to the same level of "commitment and cash in NB".
Today the FED just stomped on spot Gold, I can already see liquidity issues in plenty of Junior Golds, bargains are ahead for those patient enough to sit and wait and SXL is not only ticket in the sector...NFLD Juniors started to roll over today.
DYODD