Reminds me a little bit of LMR, however much more potential The...

Reminds me a little bit of LMR, however much more potential

The stock had 7c cash in bank, yet was sold down to 3c as there were no immediate catalyst and impatient punters just bailed. The company initiated a buy back and it's already back to 5c

NXM is better IMO as it does not have 1 holder with 50%+ who is a threat, it is finding hold grade gold with the gold outlook pretty bullish for the rest of 2015 and has 10c cash in bank

Not sure what the market didn't like about high grade surface gold on first pass, but this does not deserve to have a negative EV

I think the issue is promotion, good news and cash balance is not known. With a 2nd asset on the way, this should be 8-10c

Happy to continue soaking at these levels, market will eventually wake up. You are buying the cash alone at a 44% discount, money for jam