RE:RE:RE:RE:RE:RE:RE:RE:RE:Kaiser New Pump NOVO- His past picks Blowed Up Real Goodbattleready wrote: Still overpriced even if Cook likes it. Geologically the property has great potential. As an investment, owning 50% of the asset with $200,000,000 recently added to the market cap shows the typical cycle of speculation. We don't know much besides the July 12th news releases. Since I can't visit the property I will have to relie on the public info available and others whom are knowledgable. Cook and his side kick Mazumdar are really the only newsletter writers whom are geologists. If they like it, I will continue my own DD and determine its worth. Right now the stock is overvalued!
Why do you keep saying they own 50% of the asset? Also you say the stock is overvalued. What is it worth ? The fundamentals typically lag the stock price and this type of discovery is impossible to value at any moment because of the huge potential. Its easy to say it´s overvalued when they have no trenching or drilling data to work off yet. However when you consider the wits analog, their huge land holdings and the fact they have a very prospective 11m thick, 8km gold bearing conglomerate horizon with continuous evidence of prospector diggings and reports of locals digging thousands of oz of nuggets and a first test trench showing numerous gold nuggets you can really see the potential and the reason why so many want into this before more is confirmed. Ofcourse many answers need to be determined but you can´t fault any of the first indications of the discovery. The market voted last week when NVO.V broke out on the weekly chart.