NHVCF - Northern Vertex Mining: Revenue Growth Surges In Fiscal Q1
- Northern Vertex released its fiscal Q1 2021 production results, and we've seen another strong quarter for the company.
- The company announced record revenue of $27 million, driven by record gold production of 13,083 ounces.
- Meanwhile, the company's electrical grid powerline system is finally connected to the Mohave Electric Power Grid, which should provide a massive cost benefit going forward.
- Given that the company is trading at barely 1.50x trailing twelve-month revenue, I would view any sharp pullbacks below US$0.39 as speculative buying opportunities.
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Northern Vertex Mining: Revenue Growth Surges In Fiscal Q1