posted on
Apr 13, 2011 07:57AM
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Gold and Silver exploration
Message: $40+
Rock3030: With $40+, are you referring to the silver price, or your fair value for NSX shares??? :)
My estimate is closer to $4 for NSX, assuming they can get a 50mn ounce 43-101 out of Dios Padre before June, and a prelliminary Mooseland 43-101 in the next month.
Lots of chances to accumulate shares before those milestones with a few million warrants to be excercised before mid June (assuming share price is above the $0.50 warrant price).
As with all these companies, share structure is almost as important as the project quality. And NSX's share structure is as tight as a snare drum.
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