UMJ and NKL Although likely not correlated it is interesting that both companies have the same ore type and both had a halt within 20 minutes of each other. UMJ has never been halted that I remember. Heres to hoping that I can finally finish this trade off and make some money!
Not my best pick but the fundamentals of a permitted deposit with BILLIONS of metal value adjacent infrastructure that can turn a profit shipping ore 70 km for 2 million dollars is pretty hard to agree with.
To bad little Richard just doesn't seem to have any luck when it comes to the market. It makes me feel better that we are in it with Wes Hall who is brilliant and likely wants to at least break even (22 cents anyone)!
Our NPV should be around 200 million at todays metal prices so at 20 percent it wouldnt be totally out of line to expect a 50 cent per share buyout, but 22 cents works for me.