RE:RE:Insiders are participating in financing100% agreed Doug, and as you see BA added another 1mln shares. I'm havily invested in another stocks that are moving up, but looking to round my NRG holding to 1mln. Payday will come in the next couple yrs....
DouglasFir2 wrote: At 14¢ NRG has a market cap of just $20m. Accepted, exploration is a lottery game, where investors have to assess the odds. Bob Archer quotes "mulit million ozs", he seems to be pretty sure it's there, its a question of finding it., With the financing and the drilling activitiy we should expect the sp to drfit up. My interpretiion of Archer is that he is quite optimistic on a major find, and at 5m ozs at 14¢ per share NRG prices an oz in the ground at $4 per oz. There is a big upside if its there. $1 ps wouldn't be doing it justice, as 5m ozs would be priced at $33 per share in the ground, and I think Archer is thinking/hopeful of way more ozs than that. This is a personal view without any discussion with Bob Archer or any NRG people.