That is a cracking chart, very informative and proves the theory...

That is a cracking chart, very informative and proves the theory that if the tenement is quality ride the dips in share price volatility. However, most tenements show potential with a drill hit here or there but don't make the transition to producer for many factors and that's the risk v reward battle. I'm not saying that NWC won't eventually develop and produce from this project, it looks promising. Only issue I have with NWC is the equity structure, it really slams the brakes on any SFR type share price movement to the upside. Some HC punters will say well I'll be happy with 20c or 30c from here but that's not how this works.

Could a share consolidation be on the cards in 2021? That would help tighten up the share register but also make raising funds which will be required for a Scoping Study / PFS / DFS and ongoing drilling. Has management been asked this question? 1.3 Billion shares on issue and $10 million in the bank, drilling in America would not be cheap either so the cash burn would be rapid.