OTCPK:NOXOF - Post by User
Post by
MrMonkon Sep 26, 2013 7:49pm
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Post# 21771428
NOX update
NOX updateDrill results are coming soon - should be an NR in the next week or so. They've only drilled down 600 metres or so and the total depth in the area is 2,000+ metres so there's plenty of gold left to find. Already a nice deposit and more upside remains.
Three parties are interested in the property and a couple of CDAs have already been signed. Two are apparently producers but I don't know the full details. A new deal won't happen overnight - could take a few months or more to put a new deal together on Marban.
Fundamentals still intact. Frustrating to see this thing at $0.10 but people sell for their reasons, not ours. Louis James at Casey Research may be doing a write-up soon and an institutional buyer is considering a position. Longs don't deserve the current predicament but if you believe the story is still there, you'll have to keep holding if you are in a position to do so.
-- MM