What is a better buy? NEE or PGOLMarket Cap of NEE: C$ 16 MM
NEE even if the option is valid owns 70% of Moss Mine
So Value of Moss Mine = C$ 22.9
Based on this value PGOL that owns 30% of Moss Mine = C$ 6.9
In C$ PGOL has a current market cap of C$ 2.95
So the upside is 134%
President & CEO Northern Vertex Mining Corp., states, "Gold recoveries are continuing to exceed our expectations and are now well above those assumed in the PEA. The Pilot Plant has enabled us to continue to significantly de-risk the Moss Mine project by stress testing the physical attributes and leach kinetics of our mineralization in an operating environment, something that is pretty unique for a company at our stage of development. This will stand us in good stead as we move towards Phase II and commercial production."
If CEO of NEE is to be believed upside for PGOL owners is 134%