RE:RE:RE:RE:RE:So happy to be back in boys!The only way this can turn out to be a decent deal for NTY is if FAT don't choose the extend their option after year 1 (quite likely) or even year 2(very likely, for the reasons provided by Pantin2014)
$1- $1.5 M of FAT money would be good enough to finance atleast 2 Drilling phases on Hidden Lake. That would greatly advance the project and NTY gets to share larger piece of the pie.
If the Drilling results turn out to be what we expect them to be, we can see the project being valued at $25-40M. That would add 10-15 M to NTY market cap without any out-of-pocket expenditure and still owning 30-40% of the Project.
Plus, some positive progress on the Frac Sand (under current bullish oil market) would add 10-15 M (very conservative) to market cap.
So, if all goes as expected, we may be looking at $20-$30 Millioin market cap in Jan-March 2019. (not counting any progress on Corvette)
That would amount to an SP of .30-.40 cents
DYOD