NMG new murchison gold limited

Ann: High-Grade Gold Intercepts within Caprock Drilling, page-20

  1. 142 Posts.
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    Agree with this analysis, but it's potential is huge. It keeps turning up 3g/t + drilling results. It will be able to use short term milling and near surface gold to fund the drilling campaign it needs to find the volume. It needs a lot more drilling (including some diamond drill holes). Then it has $300-$500m market cap potential. Needs 1M ounces to be long time viable, I just know the area and suspect it's waiting to be found. Ultimately would prefer to see them develop their own processing, but this needs a much bigger resource!
 
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