These are only estimated quarters of funding available based on...

These are only estimated quarters of funding available based on the amount of work and money spent from the previous QAR.

During the previous quarter NML was at the end of a MAJOR resource drill out with 3 diamond drill rigs working 24/7. I would expect the amount of cash to be consumed by NML to be far less this QAR even though they will still have multiple rigs operating (no longer 24/7).

If you look at the QAR ending 30 September NML had 11.9 Million in the bank with an estimated quarters of funding available at 10.6
which is very different when compared to our last QAR where we have 5.7 Million in the bank and they estimate it will last for only 1.3 quarters..

In reality it is now WINTER so there will be less drilling being conducted mainly due to the wetter weather conditions and farmers crops... However once it warms up again expect the drilling to really ramp up!

During these slower drilling times we will still have plenty of results announced due to the amount of recent work that the company has been completed.

So,

Currently NML has LOTS of results imminently pending from its many recent drilling programs!

These results should hopefully be good enough to re rate our SP into a MUCH HIGHER domain so that when it is time for the next CR it will be done at a price that is far less dillutionary than at previous times and to not expect the company to raise extra cash any time too soon!

Lets watch and trust the new management to look after its shareholders!!


GLTAH+DYOR