After speaking to someone that worked with Ashwath Mehra at Glencore, he was described as very intelligent and shrewd. He would not put $4m of his own money into a project unless he knew something that we didn't or he believed there was a high probably of success.
My feeling is that we will hear that the resource in Nevada is a lot bigger than initially thought and funding will become a lot easier. Ashwath may still have contacts at Glencore and they have stated that they would like opportunities to obtain exposure to iron ore projects.
The current SP may be a very low entry point in the long- term.
NVI Price at posting:
$1.08 Sentiment: Hold Disclosure: Held
