My chat with our IR head today...
I had a nice chat with our IR head Mr. Candelario today. As we all know we are getting decimated along with the entire equity market. However, he mentioned that NHK has never been in a better economic position than it is today. He also pointed out that including the $30m US in cash we currently have we are basically trading at "close to US$4 per ounce on an Enterprise Value/Total Resource basis". That is about right being that our US cap right now is $44.6m. Take away the $30m US they have in cash then divide the roughly $14.6m left by the 4m ounces they have combined in indicated and inferred and you actually get less than $4 per ounce. Lastly he mentioned that putting out any kind of news right now in these conditions would be basically worthless. When things do stabilize they will start "pounding the table" and getting the word out on NHK and its potential. This is insanely undervalued my friends. Classic dislocation between the value of the property and what the market is currently valuing it at. Time to LOAD UP!! I thank you for our conversation today Alan and anticipate some nice drill results throughout the coming months...