There is no question that there is sovereign risk in Niger. Thats why NGM is trading at 15 cents and not $1.15 cents.
To me the positives are that the one of the main sources of income for Niger is their uranium production. Hence the vital importance to the government of protecting it, and maintaining foreign company investment in Niger.
Secondly, the location of NGM's deposit is excellent as it is just below the other two uranium mines in Niger, which will have government protection at all times.
I am in for the enormous prospectivity here ... This is a definite Risk/Reward situation.
NGM Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
