GREY:NMKEF - Post by User
Comment by
Steamoon Dec 06, 2016 11:18am
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Post# 25560030
RE:SP price
RE:SP priceThis stock is simply tired. It's had a very good run over the past year and I think it got a little ahead of itself. I remember Guy pointing out that this company should have a $300M market cap when it had @ $120M market cap, based on how its peers were valued. Well now it has a market cap of $379M. That's plenty for a junior miner at this stage of development. If they can get to production this should be a $1B+ market cap company. At some point the market will decide this company is a going concern and will adjust accordingly. I'm not going to guess when that point will come. I just want to be long when it happens.
beaubebe wrote: Can somebody explain why the SP is droping every time we get a, so called, good news? Thank you.