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Nuveen New York Quality Municipal Income Fund V.NAN


Primary Symbol: NAN

Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality. The Fund invests in various sectors, such as consumer staples, health care, transportation, and utilities. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NAN - Post by User

Post by Shaggymaneon Nov 22, 2013 1:48pm
203 Views
Post# 21932497

Potential

Potential
GL 1961,
IMHO the Manitsoq discovery  is merely the "tip of the iceberg" No pun intended.
I wasn't around when Sudbury was discovered,but I was for Voiseys Bay
I do recall it took a long time from the discovery drill hole to drilling  off the ore deposits and calculating ore reserves.
Similarily, I expect that Manitsoq will take a lot of drilling,probably many  thousands of meters, to determine whether there are economic deposits,and, if so, how many tons and at what grades.
I would like to throw out a few observations which I believe are very critical to evaluating this situation moving forward;

-The Greenland government is reputed to be very supportive of Mineral development
-This area of Southeastern Greenland is ice free year round.
-Access and climate ;In that regard the area is similar to Voiseys Bay ( without the Canadian political problems)
-Huge area of highly prospective and unexpolred (or under explored ) favourable.geology 
 -Discoveries to date are very close to surface with very little  drilling along,or down the mineralized trend,
 - All in all a very attractive, investment.
Shag.
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