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1.9¢ navarre minerals limited

Take back not take over., page-25

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DANNY2503

1,484 Posts.

722

24/07/23

17:03

Post #: 68951567
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Originally posted by Sparktastic: ↑

I agree wholeheartedly.

Gold exploration companies (and even junior miners) are toxic entities on the ASX. After losing money on this and a couple of other dogs, I wouldn't touch an Australian gold company with a 10ft barge pole now. I see reports about 'bonanza' grades at >500m BSL and I just laugh. That resource may as well be on the moon, with development and input costs being where they are nowadays..

Not to mention 'other' domestic issues that are increasingly raising their head (hands).

Fact is, unless you are running a gold mine in some impoverished African Nation, with next to zero labour and compliance costs - Forget about it!

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Absolutely a ridiculous comment.

Grade is what makes good profit. if it’s low grade, then Volume will make a good profit.

Mt Carlton had neither.

Originally posted by hawks2014: ↑

No interest in GCY as a comparison?? Not promoting. Just interested.

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Exactly mate. GCY even though not currently milling will show how grade os King when they do start.

GLTAH
DYOR

NML Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
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