An excellent coal project which looks excellent... Particularly when coal prices increased almost 200% and every coal stock is going nuts... NAE has the lowest market cap in coking coal space with a very good project IMO...
Tin project with JV... JV sp increased 100% in recent days...
However, the most exciting thing for me is this gold lease... the lease which has been granted to NAE like a month a head of schedule... Have to admit this makes me feel really excited and if things goes as planned it can make holder very happy IMO...
I mean the project has similarities to 10m oz project and is only 60kms from the project... also its 10kms from the mine where 500k oz produced...
The fieldwork will start in mid November which is an indication that NAE is not going to sit on this project... Another exciting element of the fieldwork is that it will be conducted by Dr Mackenzie from University of Otago...
All in all, it does offer value to me... lets see how we go
Cheers
An excellent coal project which looks excellent... Particularly...
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