Posted this at STT might have relevance here...
NAE - Yesterday's presentation is worth a look IMO...
Cash 1.2m, receivables approx 1.2m.
TIN 52 weeks high... JV partner up 100% recently. Fully funded JV drilling program will commence next year. Planning underway so news flow expected.
Coal project - review underway to recommence work as coal prices improved dramatically. So news flow expected in this regard
Gold project - this is the best part IMO...
Up to 95kms length of potential Macreas style shear zone targets have been identified over Nae's permits... Now this can be a seriously wild card as the project is located 60kms from a 10moz mine and 10kms from a mine where 500k oz produced. Dr Mackenzie is being contracted to undertake fieldwork which will start mid November...
If this is not exciting enough... check page 17:
Several other more advanced stage gold projects in NZ also currently under evaluation by NAE.
All this and a market cap of 6m approx with EV of 3.5m approx including receivables... I am buying everything I can below 2c depending on cash...
Please DYOR and double check the facts and figures
Cheers and all the best
As exciting as it gets, page-43
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| Open | High | Low | Value | Volume |
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