ProgressGood to see things coming together nicely for NRG. The new land seems a very good idea in light of a very positive IP survey. There should be plenty of drill targets at this stage although I would like to see them start with a few nobrainers around the Good Hope mine where they KNOW they have 40 mts of 12.9g/t and this is open at depth.
Price of gold is playing it's part nicely and we should now proceed to try and pass $1700. This is a hugely positive environment to be conducting this important drill campaign. I expect the SP to breakout of the 11-16 cent range it has been stuck in for the last six months simply on the announcement of the drill campaign. Probably settle in the 20-30 cent range waiting on results. Another positive catalyst coming up soon or maybe already started if the correction in the main markets. Most of the tech companies are tied up hugely with China and this is going to get very messy. Industrials are already dropping and the Dow/Gold ratio is heading south rapidly and has broken all moving averages.
One other thing the company could do to avail of this favorable climate for gold juniors is to carry out the 1000 ton bulk sample which is now permitted. They have the equipment on site so it should be very simple to just take 1000 ton of the 12g/t ore from the Good Hope adit. This would be self funding from the gold produced and would showcase the fantastic metalurgy the is present in the oxides at Pamlico. Also it would keep the news flow going which is vital in this rising market.