I'm almost convinced this is one of the few multimillion ounce deposits left in the world and the MC seems incredibly low for what the companies projected MRE is. The only thing stopping me from pulling the trigger is location. I am not familiar with NZ as a mining jurisdiction. From what I have read its rocky at best, and conservation areas are very rarely granted mining licenses especially with the current Labor Government.
@Goldhunter122 you seem quite knowledgeable of the deposit and perhaps the macro factors as well. Are we in a "mining safe" area of NZ here? What are the chances this actually gets mined?
I understand the Nationals hold the seat currently in Alexander River and that Blackrock was also granted a license nearby giving some confidence in this regard.
Cheers
SNG Price at posting:
27.0¢ Sentiment: Hold Disclosure: Not Held
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