Thanks Beale, much appreciated.
I certainly recognised that NMR was an interesting addition to the gold scene, which is why I originally bought in. However, whenever a stock that I hold looks like it's risen above what I believe is good or fair value, I sell and move the funds into something else that appears to be better value at that time.
In comparison to NMR, KAU has two fully operational processing plants, two producing mines and potentially some very prospective tenements around the Maldon plant, and HRZ has two producing mines, and two large capacity plants, one in the process of being refurbished, the other on C & M, and both have MCs way below NMR.
KSN has a fully operational plant and is producing mainly gold and silver, and also has just sold its PNG project for $95M, but again has an MC way below that of NMR.
The value proposition of NMR at the moment doesn't seem to stack up, but I'll continue to follow their progress.
Cheers,
Mikethe operating costthe remaining life of the mine, management team, forecasted/current production and .
Expand
(20min delay)