If you go back into a bit on history (last 20 years) you will read that the tenements around the NST main area then you may realise that there were many people interested in the prospectivity of the Goodpaster area for gold and the tenement were fragmented amongst many. Millrock painstakingly did deals and pulled these all into a bundle over many years. Their large geo team know the area well and one of the lead chaps worked for NST and was involved in the exploration of the Pogo discoveries. I don't think he would be working for Millrock if he didn't think the ground was very good. These type of guys love a challenge and one of their rewards is being known for big discoveries.
I have only been across RML since late July 2020, so I am still research and learning about the area and its history .... part of my due diligence. One thing that sticks out to me and I haven't heard it mentioned / discussed is the tenement that NST owns amongst the Millrock-RML western tenement area - I have put a red circle around it in the following image:
So NST or their previous owner must have thought that there was some sort of new prospect or a westward continuation of their Pogo resource. I can only guess that someone owned the tenement area between the two NST blocks and Millrock somehow got hold of it before them.
I am curious. Those RML green drill hole dots in the image and the yellow stars all seem to lead your eyes towards that westward NST tenement.
Does any long term investors know anything about this?
RML Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)