OTCPK:NOXOF - Post by User
Comment by
alixx11on Jan 12, 2010 11:27am
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Post# 16668448
RE: RE: RE: RE: Back to the .20s
RE: RE: RE: RE: Back to the .20s"a conservative estimate of, let's say, 600,000 ounces gold. Is it worth more than 0.38 ?"
Well, not really...
No major would buy a property for only 600,000 ounces unless it's ridiculously cheap to extract. Ultimately, NOX has to show potential for much more ounces in the ground. If the upcoming news-release is for, as many hope, something in the order of 800,000 ounces, with potential for more expansion with future drilling, that will get the SP growing.