NES Valuation $4.54
With TXG trading @2.02 and NES having 3 million ounces (i think a bit more) compared to TXG’s 4.8 our valuation today should be $4.54..
this gap will close this time around..gold is doing what most expected it would, we are still in high grade, and as the major markets are negative the venture is holding gains.. imho we have reached the point where we decouple from the major markets and will trade based on what we have in the ground, cash in the bank and management and technical expertise..
what a diffrence from only weeks ago.. we still havent seen the majority come back from summer vacation but i bet a few phones are ringing up in cottage country..
caliche
