Dogwag I like this business model where NGM is planning to self fund their drilling program and development. This will help in the survival of this company. It is a better business model then hoping for a buyout before stock dilution completely erodes company value.
An example of a similar business model is Dynacor Gold Mines (DNG) which generates revenue from custom milling of gold/silver ore which funds their exploration and development. They ‘ve kept the share numbers to 40 million and just generated a record .08 cent/share revenue in Q3.
I like the directionmanagement is taking NGM with their business model and the speed at which it is happening.