nmr valuation, page-18

bigstar - thanks heaps mate... like clockwork!

Thumbs up for punctual, promised and prompt at very least. You should start charging NMR for the write-up.

Liking those long term prices to say the least! - will be pouring over this ASAP if I can keep some extra time free around holidays/shifts.

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This buy in to TRIPROP is looking better and better. To think - people are paying $650,000 for a "McMansion".


Nimrodel 65% "earn in" to in excess of 2000 square kilometres of TRIPROP dirt, via....

1) NMR pay for Phase 1 and 2 drilling (pretty much have the cash and first lot of drilling done?)

2) NMR pay for scoping study - has any one got any idea how much this will cost?

3) $250,000 cash

4) $250,000 worth of NMR shares (in at company now owning an additional 65% of maybe $$$ billion dollars potential worth of thermal coal???!!)

If they find coal out in the far west test holes - good grief - what a bonus.

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And they found coal in Phase 1 already. At least 9 holes finding the top seam at 8 km spacing????!!!! 64 kilometres of strike length????!!!!

Just the coal what we know of - and they just bashed another 18 holes (total of 27) into the ground - on top of the first 9.

The more I read the more it looks cheap?

DYOR

bsh