Makes me laugh...Seeing four new guys show up tonight on the NCM board after the news release. Two of which just became members of stockhouse this month. Somehow they are experts on NCM's cash position. Trying to downplay the results will likely not work. I doubt people are that gullible.
The property is ring staked by a billion plus market cap company in Lake Shore Gold. LSG was trying to get that land for a long time, beats me how the CEO captured it. Results from LSG and MKR were very good near this property.
As well "the presence of several strong, well-defined induced-polarization and linear magnetic anomalies." on the property with it being in line with strikes east-west with Melkior and LSG, not to mention many mines on a trend that runs NE-SW through the heart of the property. If you've done your homework and you own shares you will sleep well.
There is enough cash to do a small drill program, made up of residual cash, exercising warrants and other things. Ask yourself this, do you want to be on the sidelines when almost 90% of shares have traded at 10¢ on average since the beginning of the year? Downside is very limited and upside can be enormous. The choice is yours. Anyone who has been in this long won't be giving up there shares now. Float is getting tighter and tighter as I see it. If you want in, you will have to pay to do it. Historically NCM does very small financings, chances of getting any shares when they do one will be small, unless prices are much higher than they are now.
Good luck to all,
x