Some think it's a dog because of (Previous) mangement and lets face it the price hasn't done long term shareholders any favours.
They have a new man now running the show that has a solid reputation on getting the job done.
They have enough cash for 2 years, so no dilution or cap raisings to 2013.
I think 3c or thereabouts is the bottom for NUP, first lot of results to come out soon as they started drilling in early September....
As mobilization and De- Mob costs are huge, we could see NUP drilling for some time, a good size Phosphate footprint with good grades is what we are after.
I think if they hit good grades, NUP will be Re-Rated pretty quickly.
A good one to get set into before the rush imo.
NUP Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
