We are now in play, one of the most exciting resources I have ever seen, "The Hub"
This is old news followed by the infill drilling results, infill results suggests massive upgrade coming from "The Hub" NTM are drilling right now, below the picture below, they are not wasting time waiting for the new company, paid for out of NTM cash. If they continue to hit grades like the upper ones, this has the making of a massive high grade mine. Open in every direction! 1200 metres long, 500 metres deep and open.
Combine it with a 3 million ton a year plant and an open cast pit of extremely high grades. You have ?????????
Remember this is a mine, surrounded by 4 multi million oz mines, this is a mine in a top class gold province.
Combine this with a Dacian that is already making a profit ,of over a million a month on low grade ore, with top class managment, you have the cheapest gold company on the market.
Redcliffe Gold Project (100% NTM): • +720km2 of highly prospective ground • 679koz1 resource with substantial upside & large areas untested • Exploration Target of 1.4Moz to 2.2Moz2 (including existing Resource) • Maiden Hub Resource of 141koz @ 4.9g/t1 • High grade oxide mineralisation close to surface at Hub & GTS Aggressive Exploration: • Well funded for ongoing drilling • Large scale aircore testing priority targets, RC & diamond at existing deposits, Wells Group and other targets Strategic Value: • Strategic landholding with four large gold operations nearby • Potential for regional consolidation and/or processing synergies
DCN Price at posting:
36.0¢ Sentiment: Buy Disclosure: Not Held
