Cramer's Mad Money - Dow Chemical Is Bottoming...Who Cares? (3/25/09) [View article]
NAK is traded on the AMEX and is backed ($1.425 billion) by Anglo American--also has Mitsubishi backing to 11 percent. Rio Tinto owns about 20 percent. To quote company material:
"Current estimates indicate a total resource of 5.1 billion tonnes measured and indicated and 4.0 billion tonnes inferred, containing 72 billion lb copper, 94 million oz gold and 4.8 billion lb molybdenum. Quantities of silver, palladium and rhenium also occur in the deposit." The project is in Alaska.
A major analyst report recently projected a one year share price of over $18--it's now at just over $7. Yes, I own NAK. And I guess it's speculative like everything else in this market.
Cramer's Mad Money - Dow Chemical Is Bottoming...Who Cares? (3/25/09) [View article]
"Current estimates indicate a total resource of 5.1 billion tonnes measured and indicated and 4.0 billion tonnes inferred, containing 72 billion lb copper, 94 million oz gold and 4.8 billion lb molybdenum. Quantities of silver, palladium and rhenium also occur in the deposit." The project is in Alaska.
A major analyst report recently projected a one year share price of over $18--it's now at just over $7. Yes, I own NAK. And I guess it's speculative like everything else in this market.