NML 0.00% 1.9¢ navarre minerals limited

Ann: Further strong gold-silver-copper from Mt Carlton drilling, page-7

  1. 4,822 Posts.
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    Those exploration results are good (as you would expect given that they are highlights of more extensive drilling). The share price graph for NML looks just like every mid sized gold silver and/or copper miner on the ASX in the last 12 months, share prices becoming disconnected from the AUD metal prices, got to remember that AISC's will bounce around with a one-mill operation like this as they feed more Cu Ag rich ore and less Au rich ore until next pits come online. In this case the drilling is showing the metal is in the ground, just gotta get it out of the ground at a profit and quite a few planned pits/operations tied up in permitting and approvals stage.
 
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