RE:RE:Gold up 20.00 - and NCA ??The likelyhood of NCA increasing the current resource and lowering the strip ratio on the back of this current drill program is quite high. I suspect they will increase the resource to at least 6 million ounces, possibly higher. The real win would come with the discovery of a few hundred thousand 1 g/t low strip ounces for a starter pit. That would really help the economics. If we assume 6 million ounces this team should get between $50 to $100 per ounce at the minimum. That gets NCA to $1.50 to $3.00 per share. If they hit some impressive holes and the gold price cooperates, the share price could go much higher than that. This company will likely be a distant memory in 18 months.
GLT