AlphaGroup Wrote:1. Visit the company website and read their corporate presentation - you will see in there, if Nak was valued at the midpoint of its public development stage comps (which it arguably is already but even if we wait for financing partners) it would be trading at $12. That is a public comp valuation based on M&I resource estimates
measured and indicated is not “ore”. preliminary feasibilty required for proven/probable classification.
2. You don't need an EIS to have value - this is clear if you look at the mining landscape and public companies. This assertion is absurd. Anyone with mining knowledge knows M&I is a valid economic estimate for most of those who "know" the industry
this is a lie. there is a reason for various classifications, otherwise everything would be “ore”. if a project is fully permitted waiting financing would it not bring value?
3. $750 mil has been spent to date on the EIS - this is not a 'early explorer with one drill hole'
this is a lie. no eis has been initiated because no permit application has been submitted.
4. If you thin you need a bankable feasability study to have value, again you dont understand this industry and should avoid trading it, long or short, because you clearly will lose money. If your view was correct, every mining company who completed a feasability study would be prior to publishing a penny stock, the after pubishing would 10-20x their price like a biotech, this DOES NOT OCCUR in the mining sector. Your view is rudimentary, uneducated, and incorrect.
this is a total lie. a bankable feasibility is required by lending institutions-+/-10% accuracy unless you have $5 billion in the bank.
AlphaGroup is a complete joke.