OTCQX:NTGSF - Post by User
Comment by
easycoderon May 31, 2020 10:06am
107 Views
Post# 31093322
RE:RE:RE:Northern Miner Podcast
RE:RE:RE:Northern Miner Podcast2/3rds of that was Janet S talking about relations with the FN. There wasn't any real news in that at all that hasn't already been released. Now it's sometime in June for the feasibillity study (maybe). That is going to be a cliffhanger. They've led us to believe there's 250,000 oz still left on the leach pads to be extracted and that the cost to get that started is $30-35m US.. If that is 250,000 oz that can be economically extracted and there is no reason why not, added to a new RE for the permitted mine area, with a much improved IRR (Sheriff indicated well above the 2014 PEA), the SP should go a lot higher, especially if they announce financing soon after. IMO, the only reason this is so undervalued right now is mistrust of the promises of management - that goes back a long way back to Red Kite. But I am cautiously optimistic and hoping they will do the right thing for long suffering shareholders (who they are on record as not appreciating much - retail that is).