Those days gold was trading around $300 an ounce and these guys have very minimal CAPEX compared to the value they picked up - so you cannot compare.
Once they have 100% confirmed Credit Suisse in the bag , the SPP+Placement shares have been alloted and about 2 weeks from actual production then this thing will jump no question about it. The key is , will it pull right back down again afterwards or will it make it's run to 50-70 cents and that depends on the grades they are getting and wether or not they can turn a buck - Me thinks yes but I will still be loading up here and selling out at 27/28 based on the above ..
NMT Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
