With all due respect to you Captain 4444 and while not wishing to put words in Grogman's mouth the resource speaks for itself and the capital valuation of below $20 million on even a 2000 million tonne coal deposit, (conservative reasoning considering the report) puts the value of this deposit in situ without one more gram being found on all that tenement area left to explore at less than One Cent per tonne. A $1000 investment in NMR giving you at the moment roughly 25000 shares asset backs those shares to the tune of approximately 120,000 tonnes of coal (at one share equalling approximately 4 tonnes, give or take a bit). My point is obvious: plenty of area left to explore, a pro-active government used to dealing with mining companies and interested in a win-win outcome. Of course it is speculative anyone with any investment savvy knows you never put it all on one stock. You've heard of stocks priced for perfection? These shares are priced for near certain complete failure which IMHO is complete rubbish. Buyers and sellers (believers and non believers you might as well say) are what make a market. Remember, Fortescue was a speculative stock at one stage too. I'm not saying this will be another Fortescue, but I'm sure as anything not saying it won't be either. DYOR and draw your own conclusions. Grogman has given much valuable insight on NMR on this forum as has bigshareshead. Market Sentiment is extremely bearish at the moment and very few have great confidence in much of anything at present. This is exactly how people like Warren Buffett and Jim Rogers made fabulous fortunes and how others will in the future. You'll never make anything speculating in an uninformed manner, you might as well take your money to the casino, at least going there you have a more colourful atmosphere than just pushing buttons on a computer.
NMR Price at posting:
3.7¢ Sentiment: LT Buy Disclosure: Held
