Assuming all the notes convert to shares, NMG’s 1,432,534,410 shares on issue at 8.6c would amount to a market cap of $123m.
This is NMG with no debt and a finished fully operational plant.
I have no doubt NMG will need more funding to access ore from the main pit, but hoping this can be achieved via debt or cash flow.
NMG could potentially have a cash flow of $50m pa in 6-12 months assuming a total cost per ounce of $1,200 and only 100,000 ounces pa - this is a PE of 2.5.
So tempting to put more in at 8.6c but I have done this so many times now I’m not game.
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Last
$1.04 |
Change
0.005(0.49%) |
Mkt cap ! $318.7M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | $1.03 | $1.134M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 220190 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 8269 | 2 |
View Market Depth
| Last trade - 16.10pm 18/09/2025 (20 minute delay) ? |
| ACF (ASX) Chart |