Comments on NDM

The following are the comments from most respectful person, Perter Grandich

I've spoken to both the Chairman and President of NDM at length and to all of our knowledge there is nothing out of the ordinary happening. In fact, thanks to the Anglo deal, management has never been more confident. Personally, I think we've witnessed distress selling that leads to more selling. Because I think we're seeing signs of this exhaustion coming to an end and the fact that gold has broken out to the upside, I've done something I haven't done in years - I purchased 200 November 7 ½ call options on NDM at 2 ¾.

I continue to believe NDM is the most undervalued non-producing copper-gold stock in the world today, and view the current share price as one of the most undervalued situations in my nearly 25 years of investing.