Thanks DoubleWide! That was some fantastic information. I hope it's accurate!
DE is all about tonnage. It looks like the bottom for this stock is around $3-5 (depending on a stock market sell off). If they can prove tonnage above 10, then this stock will go over $10 a share. And this is only for the Double Eagle mine. I think they have to spin off DE as a separate company/stock. They have five other properties that are not getting priced correctly.
I would prefer it not to spin off, but they can raise a fortune if they do, selling 25% of the new company and keeping the old properties. If they do spin off, I think Noront is going to do very well with their old properties. They will have deep pockets to develop several mines.
Thanks,
Newager23