Withdrawal would be nice but I think not. It's not in Mr Klein's psychology, or the economics, for him to do so. The gamesmanship is just progressing along the lines predicted for the 50% target.
RCR?s latest NPV of NQM is 44c. That's using A$1,060 gold and conservative mine life. In due course patient medium term holders will reap that value as a minimum imo. Throw in A$1,300 gold and the NPV jumps over 80c by my calc.
Part of Conquest's tactic will be to create chatter and hype at required times. I'm a tad sceptical. I believe the underlying goal is to use any and all hype to leverage into fundamentally better plays. Mr Klein is clever and single minded and I don't underestimate his perseverance. I dont buy it for a second.
NQM Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
