I bought a small NMR parcel in December @ 3.1c (note my Post#77688768 on 3rd Feb where I was still a holder), but as the SP and MC rose and went above what I considered to be Good Value, I sold and put the funds into another stock which I thought was better value.
However, I'm still interested in NMR, and if I could see that it was a good value proposition, I would buy back-in. That's why I was asking if anyone can spell out why it is currently worth the $188M MC, when other companies with their own mills (2 mills in two cases) and already in production have so much lower MCs.
I've been investing in mining stocks for over 60 years, and I don't worry about missed opportunities. I'm mainly interested in whether a stock is good value now, and whether it's short to medium term prospects look promising. At age 85, I don't worry about long term prospects.
Cheers, Mike
NMR Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
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