NTU 4.17% 2.5¢ northern minerals limited

AGROS I think it's a bit too early for contracts or funding...

  1. 138 Posts.
    AGROS I think it's a bit too early for contracts or funding agreements. Wait until we get some good JORC reserve estimates, then we'll definitely have people knocking on our door (or dataroom!)

    As long as NTU is primarily in drilling and exploration mode, it will remain a highly speculative stock, with significant risks. It's hard to get instos into these sort of companies because of the risks.

    That said, these stocks can have astronomical returns if all goes well. Junior explorers such as these perform best when confidence returns to the market, as it did today, but also sink the most when that confidence evaporates.

    Anyway, it's been 4 weeks since the quarterly report. According to the timetable, we should get results from the other 22 holes in Area 5 North, and the 16 from Gambit, this and next week. Very exciting!
 
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