If they dont dilute and continue to grow and deliver then surely within the next two years this will hit its market cap of 400mill :) ... or the magic $1 price. Lots of ifs but if gold continues to rise then were in for a nice ride.
I recall one of the directors mentioning that the hedge would most likely be there for a long time as they have no intention of paying it (I think he may have even stated 8-9yrs). As long as L.Bros doesnt get resurrected we should be good.
As for the notes, they'll get sorted in time too :) I think what really got the ball rolling was their US visit a few days back.
NGF Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
