This is always fun to do. NAK has a market cap of $200m. That is with proven resources but little prospects for development. Even Don Jr is against Pebble.

At its zenith, I think NAK had a market cap between $15-20b. But again, with a defined resource.

Where do we go assuming we have strong initial results in relatively mine-friendly Cochise county? I could imagine $100m valuation on excitement. With a second phase of drilling that is about what JB expected to see? I can see us going to $1b.

I am no expert when it comes to such matters. But with a relatively small number of outstanding shares (currently 50m) I can imagine some big near term pps - from $2 per share on an initial pop to $20 in 12-18 mos.