There were over 7000 eyes on this annoucement in a short space of time, when was the last time that happened ?
NAE like many stocks at this end of the market have a binary outcome in that they find or dont find what they are looking for, in the case of NAE gold but also in Wagyu LCT pegmatites, which could yield lithium, caesium, and tantalum.
They will spend years proving a resource which is costly and slow and most hang their hat on 1 chance, NAE have multiple chances thanks mostly to Josh, but also more recently Greg with the Wagyu hotspot.
The hunt is well and truly afoot here with Wagyu but also with the Manorburn, OPQ and Lammerlaw projects.
Sitting over the top of this we have a gold price that will catapult the NAE SP if a meaningful discovery is made.
Not many companies similar to NAE can claim the above in terms of the quality and potential of their projects.
Management have played the cards they were dealt very well.
Investors need to manage their expectations and control frustrations.
It will be very interesting to see who has taken up the recent SI offering which should be able to ID in the T20 shareholdings
Are we expecting NAE to take these projects through to production or for NAE to be taken over once resources have been proven ?
NAE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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