bigjooga nice work. 7.7 was my entry so pretty happy with that because I hold a nice parcel and have only held for a short time frame. I think short term and long term she looks good. Post acquisition we will have 307 million shares. At 20 cents thats a diluted cap of just over 60 million. On top of that we have strong management running the show.
The company stated the 6 gold projects are all advanced projects. Going by the resource sizes they are not small and they have produced in the past.
"From the Dolpran deposit, 40,000t (6.0g/t gold) of ore was processed intermittently over a period of one year. An overall gold recovery of 65% at a concentrate grade of 60.0g/t was obtained. A lesser quantity of ore from Kuran-Jailoo was also processed (10,000t @ 4.5g/t) over a period of one month. An overall gold recovery of 85%(70% in the flotation concentrate and 15% in the gravity concentrate) was achieved."
http://www.ntt.co.il/sites/shgolden/blank17.cod
They have also made mention of potential early cashflow. Looks great to me. KGL is a good indication on what NRU could do. They are sitting on close to a 200 million dollar market cap but they do have 70 odd million at bank. Tomorrow will be interesting.
NRU Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
