OTCQX:NTGSF - Post by User
Post by
gamer007on Jan 18, 2021 2:06pm
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Post# 32321170
I can appreciate the frustrations...bin there... done that !
I can appreciate the frustrations...bin there... done that !I've sat holding the bag many times..............it's is all part of living in the junior mining world !
I played and watched many 5 mil market cap companies, raise a lot of money in the last 8 months.........they ran hard up to 40 to 50 mil market caps...........on drilling speculation......
Most have dropped 50 to 60 percent............while marginally creating value or nothing at all !
GPY.........is anchored by 2.2 million ounces of gold at double the grade of most open pit mines. The market really does not appreciate the permitting process(usually 2 to 3 years) is in the rear view mirror.....
While.....in the boring development stage...........might be like watching paint dry..............but it has checked all the boxes for me........as an asset which will be re-rated as usual at BFS, Completion of financing and Start up stages
100 million capex can be paid for in 1 year at 2000 gold.............and has a mine life of 20 years based on 100,000 ounces a year..........at current resource..............
I expect more dilution to say 250 million shares..............but with NPV of 500 mill...........which is what I think can be achieved at 2000 gold price...............I see at $2 stock in about 24 to 30 months !
Blue Sky is the new discovery 3 KMS to the south.............whcih will also give resource expansion speculation a run for it's money as well
A totally sleep at night place to tuck away some sheckles...............with realist 10 bagger potential.............
Metals will be week for some time yet............as the 18 week moving average line on the comex gold chart has to flatten and show an uptrend..............with price trading above the line for some time to indicate the correction is over ......Just watch the chart...........it is the only barometer of what is really happening.................the rest is just hot air !
I will take this opportunity to accummulate more GPY on weakness during the emotional appathy
This comes from a fresh look at it by a newbie at .22.......with no optical baggage !
GLTA