There will bea lot of relieved CR 30 cent guys that will sell as soon as 30-32 is hit. Most of them will get out at 30. The market dragged this down but commonsense is now prevailing. Once we get rid of the low 30's then things will start getting interesting. jimho of course. DYOR.
Start by reading their latest announcement. This actually could come off in a big way.
But as always ( and to my cost ), the drill bit does the talking.
Bell Potter have a risked valuation on this at $4.95. And that was before the drilling prospectivity upgrade was announced. This is a pure gamble. There are actually more chances of failure. DYOR.
NEN Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
