Possible market did not like that the new high grade hits are too deep for open cut mining and potentially marginal grade for an underground operation currently that is. The rule of thumb for underground mine is it must be at least 6/7 g/t to be economic. So perhaps if they can hit a lot more above 6-7 g/t grade below 150m to make it worthwhile or alternatively hit some similar grades in the in the 0-150m range then the market may sit up and take notice and it may fly.
Will keep an eye on it though.
NWM Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
