It is obvious that this is both vastly undervalued, and that they will need help to monetize this asset. The lack of clarity on that path is the reason for the pathetically small market cap at present. The best hope is a free carried share of future ownership in production.
The outlook for commodities is bullish over the longer term now. It will be cyclical yet upward. This is a very important asset. At some point we might hope for competition for co-ownership in order to reap the optimum potential reward for investment in NC1. Such a tiny / micro market cap, and so few shares on issue, makes this a compelling trade or investment opportunity IMO.
GLTAH
NC1 Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
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