Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Post by zentrarianNZon Oct 25, 2015 4:29pm
233 Views
Post# 24225210

There is no such thing as "extra" cash

There is no such thing as "extra" cash
VOK already has an 18 year mine life, so they don't realy need any more gold to keep the (planned) mill running at least through the 2020s. There might well be another VOK or two lurking out there somewhere. But if they want to burn up any more cash drilling holes, IMO it should be to expand the current resource at depth and (very close-by) along strike, not go wandering out in the boonies of the land package.

Leave that alone at least until the company is cashflow positive, because they will need every dollar they can cobble together for moving into production in 2017.  And if people think expanding the I&I resource is somehow going to goose the share price, forgeddaboudit. PVG is (arguably) still seriously underpriced just on VOK alone, never mind getting virtually ZERO for Snowfield or for any of these newly-discovered prospects. 

All just my layman's opinion, of course, and they're going to do whatever they see fit with the money. Miners seem to need to keep exploring, like a shark (supposedly) needs to keep moving forward or it dies.
Bullboard Posts