I bought some NAEO at 2 cents today (total cost 12 cents incl. exercise price). Gary Fietz and his team are building a good business in Columbia. This will definitely be one of my strategic stock investments for 2012. I estimate that stage 1 of the Terranova project will be worth at least 50% more than the current share price on a DCF basis (based on assumptions released by NAE). Add stages 2 and 3 as well as the thermal coal projects next door to tenements which Drummond sold a 20% stake in its operation for US$1.5b and you have a potential multi bagger. Certainly one worth watching closely. I will post a much more detailed review by years end.
strategic investment 2012
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0.5¢ |
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Mkt cap ! $10.71M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $646 | 129.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 13636597 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 10139128 | 8 |
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