re: nadoa.... montagu report
i managed to get a copy of the report below is a brief extract..being a pdf file, can't post. there is no specific price target given but report is very bullish and your expected price is not unreasonable imho over the mid-term..next year?? you can ring the company and they can send you a copy or I can email to you
Commencement of Diamond Production at Merlin Mine Signals NAD as: “Australia’s Third Diamond Producer” • Production of diamonds at NAD’s 100% owned Merlin Project has recently commenced. • Impressive recoveries from Stage 1 reprocessing tails, marks the start of production placing NAD as Australia’s third diamond producer behind Argyle (Rio Tinto) and Ellendale (Kimberley Diamond Company). • Significant combined Indicated and Inferred resource base of 3.3 million carats at Merlin, underpinning production. • Changes to existing board being implemented and viewed as a positive for the Company. • International forward selling of the first A$0.5 million viewed as a recognition of Merlin’s quality and branding.
RECOMMENDATION: SPECULATIVE BUY
NAD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
