RE:RE:RE:RE:North Arrow blogWhen I listened in on the conference call, the analysts seemed more interested in what the newsfeed looks like the coming 3-6 months than the discovery. Goes to show what the market is like nowadays when it takes a discovery like this to put a company on the radar and analysts basically wonder what the future news look like.
Myself, I'd like to know how much exploration costs NAR has spent on this property since Stornoway's back-in right for 20% has a pricetag of exploration costs to date * 3. NAR's current cash would, according to the conference call, last through calendar-year 2014, so money from Stornoway could be a welcome extra injection.