RE:RE:RE:the videoThanks BD, why you don't write a letter or call to Robert C.? Maybe you give him an idea...
bestdeal wrote: In fairness to Vestor he does make one very valid point and that is that although the channel samples are showing long intercepts of high grade mineralization they are not moving the SP. This will only be done by a successful drill campaign with nice long intercepts of high grade gold. The share price has been stuck in a range of 12-16 cent for the last six months despite a constant positive news flow. That is because the only thing this market seems to value is high grade drill results. If that is what the market wants then that is what NRG will have to deliver to get to the next level (30-40 cent) where it can raise a shed load of cash and drill this extremely promising property like swiss cheese and lets see how many million ozs of gold are actually there.
The IP survey started on 16-12 2019 and must be almost finished at this stage. We already have the known extreme high grade near the Merritt Decline of 4.6 mts of 7oz/t gold which is the type of grade that will set this market bonkers. This area of extreme high grade can be drilled using wedge holes to determine the extent of the body. These high grade areas do not exist in isolation and this area must be a priority in the upcoming drill campaign. To see how an existing old drill result can be revisited using modern technology simply check out CCW which has risen from 28 cent to 68 cent in the last six weeks. They had a high grade silver drill result from 2012 and they revisited this area using modern technology and hit this area with a series of wedge holes which hit the bonanza zone. That is the type of drilling that gets noticed in this market. Also we have some nice long intercepts in the 12g/t range in the Good Hope mine. This area needs to be drilled both from surface and also below ground from the higher adit down to the lower one. This area should produce a few holes around 40 mts long in the 10-12g/t range and the market will love that type of drill result.
This is a bullboard not a bearboard and it is up to us shareholders to make valuable suggestions because this upcoming drill program is absolutely crucial for NRG. High grade is what the market wants Pamlico has it and it is vital that this is reflected in this upcoming drill program. That is the only thing that will shift the SP to the next level. This needs to be conveyed to Robert Carrington as we now have the cash to really do this properly. In the case of CCW they hired a new assistant Geo to spearhead the drill program for high grade and incentivised him with plenty of share options. A similar plan would make a lot of sense for NRG as if this is done correctly the SP will explode as we already KNOW the high grade exists.
All in all an exciting period for NRG but also a critical one that they get high grade results from this drill program. Lets hope Robert Carrington uses all of his experience to ensure that this drill program delivers the goods.