RE:So.."..Yes, pretty much dead around here. Just like DD I am very (too) deep into this stock. However, despite being a terribly unpatient person I will remain patiently waiting with this stock. Last year I did also by some shares of DGO (a real dog of a company, if you want to laugh read their news releases, completely free of info and seriousness). But that share had a huge spike last year (on nearology to NMX) and managed to repeat such a spike with one of their no-news releases.
Compared to DGO, NTY is a really serious company who are doing real exploration work. Of course exploration companies are a risky investment as they may come up short in the exploration. But I very much liked the results from last year very good Lithium grades and directly on the surface. It really now depends on the width of the dykes if we have a economically viable resource or not.
On some of the maps NTY shows on their web site you can see that some different dykes in the are have resources of 2 to 4 MT of 1.4% Li2O. Firstly, 1.4% is really good! Secondly these dykes are directly on the surface, so easy open pit mining with low strip ratio. The question now is if we can get to the 10MT of Li2O on our pieces of land, as 10MT is needed to make the project economically feasible. I am fully convinced of the quality of the lithium and am sure that the metalurgy will confirm this. But I am not yet sure of the 10MT and neither is the market. But maybe we can buy some of the ajourning land with known dykes? Or do a JV with one of our neighbors, i.e. a joined processing plant or so. If we merge with "shorthy dyke (3.8MT@1.24%) and FI SW Dyke (4.1MT@1.46%) and LI Main Dyke (2.4MT@1.54%) we easily reach the 10MT.
So as long as NTY keeps making the right moves I will patiently await what will inevatably be coming! If the drilling find significant widths this will run like crazy. A 10MT@1.4% Li2O resource is worth about 400m$! The current drilling will most likely not get ut to 10MT but if it brings us a step in that direction the SP will rise very significantly.
The statement I best remember from NTY was: "standing on top of these dykes is like standing on top of the iceberg".
Bring on the dril results!