Anglo American paid $10 to 12 for NAK for a 50% interest, so did BHP for a 10% interest. NAK finally put a powerful Alaskan Politico in charge. This will speed up the project. I owned it for several years. Sold half at around $ 10 The proper size of this huge elephant is still not known, since drilling continues and the feasibility study not expected complete till 2010 I believe. Patience and time is needed. Heavy buying this week lifted the stock 50+% May be a good trading vehicel for now with huge potential much later.
Three Favorite Mining Investments [View article]
The proper size of this huge elephant is still not known, since drilling continues and the feasibility study not expected complete till 2010 I believe. Patience and time is needed. Heavy buying this week lifted the stock 50+%
May be a good trading vehicel for now with huge potential much later.