Navarre Minerals is possibly the most underrated gold explorer's in Australia at the moment.
With the drill bit hitting high grade Au targets and surrounded by producing mines in the Bendigo and Ballarat area, it is rediculous why this stock is so cheap. Bendigo is Australia's second largest Gold field.
NML has a highly experienced leadership team with skin in the game (19%), which means they are aligned with shareholders.
Kirkland Lake gold Ltd is invested to the tune of 11% in NML. They are the owner and operator of the Stawell and Fosterville gold mines which are near by.
With a tiny market cap of less than $6 million, enough cash, plus reimbursement of Govt. funds to keep drilling for the remainder of the year.
The company is targeting mid 2018 for a mineral resource. It wont take much to push the market cap beyond $20 million.
Between now and then, there will be plenty of updates to move the needle.
NML also has a J.V. with Catalyst Metals Ltd on another one of their properties, with CYL earning 51% after spending $3 million. Drilling at Tandarra has also been producing high grade results.
I believe that this stock could be a younger version of BRB and KIN.
So far management have been ticking all the boxes and if good drilling results keep coming sooner or later this stock will get some love.
Dearly
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