So far, all 30% gain of last week is gone and as I projected we are going to see our last new low. Congratulation to management team!
It looks also during last year, they didn't increase any CO contained for their deposit to remain it around 1,225T. I would like to see below comparison that $MQR has done it and compared $N27 with $CLA with 118,000 T and 71 MK. Therefore, $N27 should stand around 4M to 5M for its market value.
they mentioned about their Mika deposit in Arunta project. If you remember, $N27 bought this project from Gampart (NT) with issuing 600K shares in 42c. Gampart tried to sell its shares in higher price but it wasn't successful attempt and still hold 525K shares as top 20 shareholders mentioned.
$N27 also mentioned about $KSN and their project in Alcoota Pegmatite Field.
"A rock chip at Kingston Resources’ (KSN) prospect returned a value of 10.2% Li2O (reported by KSN on 7/6/2017) from a sample of pegmatite containing amblygonite"
It looks $N27 wanna hide this issue that KSN after investing few Millions in this area finally sold its tenement for $1,800,000 . less than half of what they invested. So big question for me is how $N27 wanna increase its contained cobalt., as well as working on Arunta project with $2.3M. So we should see another CR in early of next year but this time not with PAC.
RML Price at posting:
13.0¢ Sentiment: Sell Disclosure: Held
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