The departure of Chris Mason my man is something we can all agree was a good thing.
I tried contacting the company back then to get a couple of commercial queries answered and they were nowhere to be found. I actually got out before the release of the scoping study.
This time I have found management much more transparent and happy to engage in discussions around their business plan. Almost a 180 degree turn around. That matters to me.
I actually queried he opex of an underground mine and hence its profitability. The feedback was quite informative.
Given your knowledge lets hope that I'm not telling you what you already know. In effect with the depth of the deposit the belief is that a "large scale" open pit would be cheaper than underground, but in light of the proposed scale of the starter mine, they believe that both opex and capex can be well contained.
That said, the comment was that we should let the PFS determine this.
Anyway I'm not in love with NMR nor any other stock I invest or trade. I'm just developing more confidence in this management regime.
Time will tell mate.
GLTH
NMR Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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