RE:Brent Cook on Sprott Money / Ask the ExpertsListened to the full interview Mack and you are right NRG ticks every single box Brent Cook looks for in a mine to be economic. He likes oxide mineralization near surface and NRG has 300 mts of oxidized material over vast areas which can be simply upgraded using a gravity belt by 80 % and then leached. He says the cost for such a simple operation in Nevada is aroung $800/oz so we are looking at an extremely profitable mine at Pamlico when the resource is proven up.
He also says they only look at large, cheap to operate sytems in the newsletter because this is the type of deposit the majors are interested in. Well they don't get much larger or cheaper than Pamlico. IP survey under way to look for any anomolies under the oxides which is a good idea. Barrick are drilling 900 mts deep up the road to find the souce of the gold anf are making some nice hits. We already have existing targets of 60 mts of 12.9 g/t and 4.6 mts of 7 oz/t to be drilled and the IP survey should throw up some more targets. After the drill results I would expect a major and/or a strategic investor to come on board at a much higher SP and pay for a systematic drill program to lead towards a resource estimate. This is definitely the best gold explorer in my portfolio and is a steal at current prices.