Continues to Prove Upside on Exploration and Production I have been saying for a long while that NEE is undervalued with huge upside potential on their operations & exploration.
NEE has been actively reducing mining and overhead costs and building out the mine as they just completed the largest capital cost on the mine to date with an additional heap leach pad. See July’s NR for more info on finances and betterment of operational efficiencies. ( https://www.northernvertex.com/news-releases/2021/northern-vertex-reports-revenue-of-us-16.6-million-financial-results-for-quarter-ending-june-30-2021/)
With these recent betterments, NEE will be able to increase production and revenues while also reducing overhead expenses. Not only are they executing on increasing operations, today they announced excellent drill hits – proving there is big upside potential on the exploration side as well. Yesterday they also announced plans for a drill program at Hercules, just on the other side of the border into Nevada.
NORTHERN VERTEX INTERSECTS 64.01 METERS GRADING 1.65 G/T AU AND 15.39 G/T AG AT THE MOSS MINE, NW ARIZONA
https://www.northernvertex.com/news-releases/2021/northern-vertex-intersects-64.01-meters-grading-1.65-g-t-au-and-15.39-g-t-ag-at-the-moss-mine-nw-arizona/