Have been reading the release again, am intrigued by the Great Western Trend. It has gold values wherever they have drilled it and runs for kilometres on the Western side of the granite intrusion. Hopefully they will fast track a few deeper holes into it and the Resolution Lode. Just based on the my calcs of grades and area disclosed thus far, they have a multi hundreds of thousands of tonnes resources with about 6 tonnes of gold. Bearing in mind that the drilling has been only shallow so far and the gold is fine, disseminated and likely to continue to great depth. The Stawell mine had 4.5m ounces on a much much smaller foot print. Personally, I think this is likely to be a series of potential mines rather than one long continuous one but hey, nice problem to have. So, A$9.0M market cap with cash, gov grant and no debt? GLTA and drill baby drill.
- Forums
- ASX - By Stock
- NML
- Ann: Hunt intensifies for primary gold orebody near Stawell
Ann: Hunt intensifies for primary gold orebody near Stawell, page-8
Featured News
Add NML (ASX) to my watchlist
|
|||||
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.55M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NML (ASX) Chart |
Day chart unavailable
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online