Once again, Mallgirl... I'm impressedYou pretty much summed it up brief and quick... Thanks...
The only thing I would add is that you mentioned that it is risky... However, I personally feel that this is actually much less risky than many other Jr. companies as a result of the the amazing JV deal in NB... Take that deal away, and yep, this would be a big time risky spec, with high potential reward... With the JV, the risk goes WAY DOWN for many reasons... Show me another company that has these types of properties with the backing of institutions and a massive favorable JV that trades at sub .10 ???
El Nino looks great to me. The only piece I am not jumping for joy about is the amount of shares out... I like companies that have less than 50 million, but... There are just too many other reasons to own ELN, so at .10, (Tiny market cap) I can overlook it. I would be concerned if they were doing big financings at this price, but big time dilution from this point will unlikely be a factor.
Thanks for the post Mallgirl... And, it is nice to see another familure face here oldbab... :)
Cussy, the Windsurfer:)
PS... El Nino will likely be a good trading stock between .07 and .11... I would bet you get a few shots at it, however... You always run the risk of missing a major run as surprises appear, and ELN has that kind of potential from multiple fronts. If you wanted to give it a try, I would suggest holding a core position, and trading only a %... :)
Lastly... The Underlying Commodities are looking very strong again!!!