REPOST: From 2/10/10 11:46am + Extra"The smart money continues to accumulate here. I agree that the stock is being held back, and that is because whoever is accumulating this massive position, possibly through various houses, doesn't want it to rise YET. So load up and hold on tight, do not be fooled if they try to push the stock down for a short time to get you to sell to them. There is a large insider contigent here too, they are motivated and want to make money just like you do.
This stock is MUCH more inexpensive than other stocks with similar properties. We are talking many multiples lower. Market cap here is only 4.3 million!
Market caps of stocks in area:
EXS: $92 Million
MKR: $109 Million
LSG: $1.09 Billion
SGR: $950 Million
NBU: $16.5 Million ((including warrants) (claims aren't as close to the action as NCM's)
NCM: $4.3 Million...."
****************************************************************************************************************************
Now the market cap is ~$10 Million...but don't forget that NBU only has the Carscallen project area to offer, and is not as close to the action as NCM. NCM has Carscallen, Pickle Crow, and has recently purchased large land position 3kms away from TRR lands on strike! That's without mentioning the 43-101 NCM has in the golden triangle (which I will mention now).
Total Measured + Indicated 225,100,000 tonnes ~0.4g/t = 3.16 Million oz of GOLD *$1,135 = $3.59 Billion resource. (Not counting the silver at all and 43-101 based on roughly $600 gold.) If you gave 1% value of what's in the ground there, it puts the market cap of NCM at $30 Million, which is triple the stock's current price.
This is not a big surprise to me that this stock is rising, this stock is seriously undervalued even now, and it is just starting to get discovered, which can drive it to more appropriate valuations...whatever that may be.
However, in the last six months NCM has amassed some excellent properties close to large strikes from TRR, LSG and PKL. Like I said before, when you are in the land of the elephants, you either become an elephant, or are eaten by one.
I have no idea what my exit target is, but the start is multiples higher than we are at now.
Good luck to all,
x