When people start looking through the EVN announcements in regards to Mt Carlton and especially Crush Creek they will be very pleasantly surprised at what they find!!
NML have made a very clever move to buy this mine which truly does have an extensive exploration upside and currently can generate some very real profits from production at Mt Carlton !
EVN have been drilling Crush Creek all year so their should be plenty of results to be announced in the not too distant future, and these would have been part of the due diligence for EVN to show to NML to help see the probable resource upside!
To wet peoples appetites here are some of the previous results from Crush Creek 19/06/2020
▪ 31.7m (27.5m etw) grading 5.68 g/t Au from 61m (DE20DD00001) o including 9.0m (8m etw) grading 11.78g/t Au from 63m
▪ 26.0m (25.8m etw) grading 4.34g/t Au from 71m (DE20DD00018) o including 5m (4.9m etw) grading 19.24g/t Au from 73m
▪ 4.0m (4.0mm etw) grading 25.89g/t Au from 144m (DE20DD00004) o including 1.0m (1.0m etw) grading 96.8g/t Au from 145m
▪ 10.0m (7.8m etw) grading 4.89g/t Au from 50m (DE20DD00009)
Investors also need to take a good look at the FURTHER REGIONAL OPPORTUNITIES around Mt Carlton!
Brownfields • Telstra Hill: Further potential exists to increase inventory above the unclassified resource
• MCU Western Lodes: Down dip extension undercover of the MCU mineralisation
All of these targets above seem to have a very probable mining future!!
Then when we simply throw in that we should also have plenty of news flow imminently pending from St Arnaud such as the Diamond Drilling at the New Chum Line etc etc and the imminent commencement of the summer drilling programs at;
1) Morning Bill,
2) Tandarra (CYL JV),
3) Resolution/Adventure Lodes,
4) High Grade Langi Logan,
Then I believe that this stock NML will well and truly begin to once again climb back up to new SP heights!!
And,
The best part about ALL of this from this day forth is that their should be NO MORE DILUTION!!
Well done to all of those who have made a quick profit recently by selling at a good profit after their involvement in the recent CR however perhaps they should have looked at the BIGGER picture especially with the POG on its way to $1895-1935US and then on to $2200US+ and all of the fabulous project that NML have!! I am sure that most who have just sold will now be buying back in right now at these amazing discounted prices!!
A Stock such the gold producing NML with a massive exploration upside will well and truly attract some very very major attention from investors in the not too distant future!! Especially thise who invest also in KLA EVN and SBM etc.
The SP will once again rise high again and the usual will be said "If only I had bought more at those low low low prices"!!
Patience has always been the key!!
GLTAH+DYOR
NML Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
(20min delay)