I dont know about nmg, but if you have researched both and like...

I dont know about nmg, but if you have researched both and like both, then put half in both.

Anyway ill repost my thought from a cuople of weeks ago

IMO most undervalued goldie on the mkt atm. Already a producer, being valued as an explorer, on track for 25koz next 1/4 with higher grade gold and more effecient milling than expected.

Debt financing sorted
Strike long in the past
One of the larget potential reserves of gold on the ASX.
Cornerstone investor of Baker Steel

Im going to make a big call and say one of, if not the, most undervalued company going around atm.

Big call, but hey, GDO warrants it

Things different now 25k oz is only 20k oz.
In terms of 'undervalued' I would state that I dont think it will have a bigger rise than other goldies, but I would say, comparative to other companies producing a similiar amount of gold from similiar mines aiming for similiar medium term figures, it is undervalued.

Its mkt cap is 250 odd mil, other companies doing similiar ( IGR and SLR i compare it to) are 400/450 odd million mkt cap. While I dont think it should be worth quite as much due to BEE, debt etc. etc. I dont think it should be much below, definetly not 100% below.

ALSO, both SLR and IGR are probably still undervalued themselves anyhow.