Rehashing some points for investor scanners
They have claimed not a small or regional claim, but a DISTRICT SCALE (large as a small country)
A 5600sqkm land holding is nothing to sneeze at
NRX has claimed it has 300km strike of Copper over it's tenements which are all inclusive within the Kalahari Copper Belt, already 10mt @ 1.3% Cu has been proven = $1 Billion IGV
This is over a 10km stretch which is just 3% of their entire strike
I think they can get to 30mt quite easily then 50mt to 100+mt
Neighbors who are holding the surroundings areas on the same belt are SFR & RIO & CBE
The CR is out of the way and they are cashed up to prove some more hits
Board members include Bruce Hooper (ex SFR Chief Geologist)
Robert Klug = ex SFR Chief Commercial Officer, also played key part in MOD acquisition
These guys are definitely not here for a lifestyle company and they know what they are doing
They have 160,000m of Historical Drilling on the table valued at todays pricing = $34m
@ $8.3 m/c it doesn't even = -1% of In Ground Value
This Board is having it's last shot at the big time before retirement and they have come here to prove it
CBE is already sharing data with SFR as they want front row seats @ T/O status which is where NRX is heading soon
On T/A perspective there is resistance @ 8c & 15c then it's blue sky, next few days pennant flag will break upside to multi week run. Other's know this is dirt cheap for what's at play here
On F/A the future for Copper has never looked better with projected supply deficits on track for record highs propelling the commodity to inevitable price hikes at spot price as the fight will be on which country can secure supplies first with offtakes. My personal opinion is that the price of Lithium has gone so parabolic that it has made most R&D teams around the world look into other commodities to replace the high cost of Lithium and Cobalt which have made the cost of the EV too high for average consumer to consider getting in the game, so these Mega sized companies will adapt according to them making better sales. But Copper is a non replaceable commodity which puts it in a very secure future reliance position.
They are Diamond Drilling the Feeder Zone at Helm right now so expect visuals of cores anyday now
Give them time to do what they do best, Hooper said "He is targeting the Black Shale that is indicative of the Feeder Zone" , say no more
Lithium has had it's run, all eye's are on copper now
COPPER WILL BE THE NEW OIL
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