NAE: Could be well worth keeping an eye on this stock.
The company is featured in the Eureka reoort from the 20th of June. It is a very favourable write up so some interest is probably coming from readers.
A Japanese company called Itochu has just paid US miner Drummond US$1.5B (yes billion) for a 20% stake in its Columbian coal assets. What is particularly interesting about this is that NAE's two tenements directly abut three tenements owned by Drummond, one of which produces 20m tonnes of thermal coal per annum.
The market cap of NAE is unlikely to remnain below $10m for long.
