eResearch initiated coverage (pdf) of NSGold (NSX – $0.50) with a buy recommendation and a price target of $0.95. The report says that the potential of both Mooseland and Dios Padre are strong catalysts for a higher stock price.
NSGold also announced that in the past few months a total of 3,992,333 warrants and broker options were exercised for total proceeds of $1.68 million. The Company now has $2.5 million on its bank account, which is enough to fully fund the upcoming exploration programs at Dios Padre and Mooseland. As a result of the conversion, NSGold now has 35,946,316 shares outstanding on a fully-diluted basis.
I’m also preparing an audio interview with Hans van Hoof, NSGold’s CEO. He will give us an update on the Company’s progress and on some of the upcoming milestones. We planned on doing the interview a few weeks ago, but due to pending news on Dios Padre’s exploration program and the expected resource estimate for Mooseland, we decided to postpone the interview.
|For important disclosures, please read our disclaimer.|