Good point . A takeover would definitely involve a premium and is a definite possibility as the present mkt cap barely ascribes fair value to N E Banakan without reflecting the significant blue sky potential both of the deposit(s) at depth and the rest of the tenements .
I will (painfully) confess that a couple of my bigger mistakes were taking profits from FMG and NST far too early .
The questions I have at NE B. are , how deep will they end up going and will there be an underground ? I'm guessing about 200m and "yes" but maybe deeper if "no". But a fair amount is known as the deposit is relatively uniform and not too complicated .
The big question for me though considering the prospectivity of the tenements , the number of targets and how little drilling has been done is , is there ANOTHER N E B. deposit going to be discovered OR if not what satelite deposits ?
PDI Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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