There has been talk by Alex Passmore of giving back 50% of the profits back to share holders after the first year of production. The other 50% will be in proving up the resource with further drilling of Crown Prince and other tenements with granted mining leases on NMG soil. Go to You Tube and look at Alex Passmore presentation he did at the JMM luncheon at the Sydney Opera House on the 30th October last year. After that Luncheon I asked Alex at the JMM luncheon at the Ivy in Sydney in February 2025 during the break and he said he plans on paying a dividend and when I asked not holding him to anything he said over 1 cents a share. So not a rumour. I heard it face to face when I asked Alex in person. Alex also mentioned they can use the $80m in tax losses in the first year of production so going to be a win win for everyone.
NMG Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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