At A$705/oz and increasing NQM is not a low cost producer although with better narrow vein mining techniques being put in place and only half mill capacity being used and pajingo a high grade resource there seems plenty of scope for them to get the production cost down. My concern with NQM is that the ore from Dotswood and Twin Hills needs to be trucked a long way - 80kms & 190kms respectively. Seems a long way to me and won't help to get the A$/oz cost down. Very early days and sketchy info on remaining resource info for Dotswood & Twin Hills both of which have been mined previously. Also plenty other producing / near producing gold stocks competing for attention at the moment - FML, TAM, AAM, IGR, CQT, HEG, SLR I think these might be the main factors keeping the SP from moving ahead. What do other's think?
NQM Price at posting:
29.0¢ Sentiment: Hold Disclosure: Not Held
