You don't have to be a rocket scientist...to see what's happening here when you look at the chart. It is a wedge, and its base is at 8.5 cents, which is rock solid support. The stock has flirted with higher prices (up to 12 cents+) but was not able to maintain it at that time. However, now that well over 80% of outstanding shares have traded at an average price of 10 cents, and going forward more good news is forthcoming, it is pretty clear which direction this wedge will break out to once it finished converging. This means the old high will be taken out (ie. over 13 cents) but more importantly momentum and other technicals will drive it higher. I can't say how high because I honestly don't know. But my guess is if you own land among the giants, you either become a giant (such as LSG and SGR are and TRR and PKL are becoming) or you are eaten by one.
My honest assessment of this as I see it.
Good luck to all,
x
P.S. - All this does not even touch the value of the land NCM owns in the golden triangle, as pointed out recently by another poster. Be patient and be rewarded, jut don't sell too soon as there is a lot of gold likely to be found on all of NCM's different properties.