RE:PALI has hit 2.69 todayIt is the realization that NFG will soon announce early mining of one or more of its shallow open pittable deposits like K2.
It has a tolling MOU with Maritime for this purpose and recent mettalurgical results match perfectly with the processing and recovery metrics of the Pine Cove mill owned by Maritime.
So, what's to stop them from a critically needed decision to early mine the very rich grades of K2 for example .
Besides, it's becoming painfully obvious for 3-4 years now that continued excellent assays have had no impact on elevating the share price.....market cap has increased solely by equity dilution.
For many shareholders underwater ,Enough is enough.
Its worth noting that the production valuation multiple is up to three times that of an exploration play.
GLTA