Nautilus Minerals Inc NUSMF

Game of Chicken continues

[dropshotvolley]

It would look like the PNG government has bought another two months and may be waiting for the JV partner(s) to sign first before they commit. As for the JV partner(s) I think they would need to wait until the PNG government details are completed before they can make up their mind(s). So back to the game of chicken. If the deposits are as good as NUS and some other experts have speculated based on the limited amount of drilling competed I am really surprised that a major JV partner(s) have not made a move yet even with the PNG government factor. NUS may be conserving cash because they know that a JV partner(s) will only spend a limited amount due to the uniqueness and perceived risk of the project. Again, I say DRILL BABY DRILL and forget about conserving cash as results seem to wake up potential senior JV partner(s) more than anything. I think they are only spending seven million dollars this year on drilling! We should see some drill results soon as Ridgeback mentioned.