NRU 0.00% 5.5¢ newera resources limited

great future ahead long term, page-38

  1. 526 Posts.
    Your kidding aren't you dapper , with a market cap of 8 million dollars and what has been put on the table so far including the possibility of semi coking coal near surface with multiple seams and the resource is growing all the time the sp could re rate significantly as any number of developments occur during this extended drilling and washability testing.
    This is an 8 million mc remember not 20 or 30, there is huge upside here and very little downside. I am sure cygnet would not have excepted options with a strike price of 3c and only 6 odd mths till they expire in lieu of a 100k payment if they were not very confident things were going to move quickly with this project and how the market will likely value it very soon. As for dust issues and possible gov tax changes, all mining companies all over the world face these prospects and challenges everyday. High quality coal near surface and near china is always going to be an extremely valuable commodity .
 
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