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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Post by cigarbuttson Jan 11, 2019 1:52pm
149 Views
Post# 29219904

Streamer Dreamers

Streamer DreamersPlease get a clue...............The stream payments had and have not kicked in yet.

Starting 2020.     Nowit is gone, for the year end 2018 Purchase Price. 

The liability is gone too.

The company debt has been streached out both principal and interest. 

Bulls should be at least a little happy...................your still alive with the equity. 

IMO they high graded it best they could with near 1200 level stopes,  to get enough OCF to  refi the debt and repay the stream...............

Unless they find some ultra rich veins that were not counted on in the development drilling,  this grade has peaked,  IMO.  
Bullboard Posts