Hi Leroy, i think that they have enough cash to drill and get the first maiden JORC on the table which should get the company rerated, by the time the JORC is delivered the cash will be getting low so they will need to really try and get the price well above 5c to avoid massive dilution at 3c or so.
I cant understand why the market didnt rerate the company on the discovery, the company has a tiny market cap and the market dosnt care about it. The company has had countless presentations and nothing has helped to get the price up, it makes no sense.
NUP Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held