If you carefully analyse the reports tabled by the company and in particular the previously abandoned ground they are now working on, including tailings dams/dumps, today's technology makes it a lot easier to extract substantial results.
With the current trend on oil prices, uranium must return to favour in the very near future.
In addition, the local experience in the representative office in Europe and the massive leasehold they will be surveying, gives them a leg-in over a lot of competitors in the market, seeking to do exactly what NMR are undertaking.
I may be inclined to swap my hold to a buy if I spot the volume moving again. Still a very tightly held stock.
See, no riddle...just an opinion from a medium term holder who is doing quite well out of the results to date.
Enjoy
NMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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