Q: What do you think of NCX today as opposed to your answer back in 2022.
Does it look better or worse s an initial investment?
Thanx Gary
Does it look better or worse s an initial investment?
Thanx Gary
5i Research Answer:
Shares have done well in the last two years, and with new shares issues as well market cap is now $122M, up 246% in the past year. Certainly momentum is good and a higher market cap can attract new interest. NCX continues to develop its main asset, with a drilling program ongoing. It raised money late last year at 28c. Insiders have been doing some buying. Our early comments still apply: it still has no revenue and cash negativity continues. But mgmt. is doing the right things moving its assets forward. Drill results and recoveries have been good. Our earlier comments on risk still apply, but we would consider it better than two years ago, even at a higher price.