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NRG Metals Inc. V.NGZ

"NRG Metals Inc is a Canadian based mining company. It is engaged in the identification, acquisition, and exploration of mineral properties in Quebec, Canada, Guyana, and Argentina. The company has two lithium brine projects, located in Argentina. Its project includes Hombre Muerto North Project."


TSXV:NGZ - Post by User

Comment by SoapD1shon Nov 07, 2019 1:20pm
175 Views
Post# 30322511

RE:RE:NRG Metals Announces HMNLP Optioned For 18m$U.S.

RE:RE:NRG Metals Announces HMNLP Optioned For 18m$U.S. There's different perspectives on this: for a time when NGZ has not been doing too well, it's good news to rejuvenate the stock/company. Lithium as "topic" has lost it's hype and it's reflected in the shareprice of NGZ being beat down. The sale of the stake in the HMNL Property will bring NRG Metals back to life. All this to say that $18million USD for the property is a little low considering what other properties sold for in the same area (Galaxy acquisition) and what the PEA results forecasted for the long term. MY OPINION: although not the best deal possible, it's the best deal for right now. (other companies are allowed to make a competing offer so it's possible a sale could be higher than 18 million)
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