Anyway, I've been searching for Gold producer with small to mid mkt cap on asx for a while.
Companies I found that was producing with positive cashflow usually had a fair or over market value. Other juniors that wasn't performing well was either not meeting the production target or long way from producing.
Well, I came across NGX and since this stock was a new listing, not many people know about it. Well... -this company is producing -increasing output in the future -potential upgrade in size of gold -decent size reserve -positive cash flow, -no debt -mkt value way under other mid size producers -mining in Australia -decent grade mines
Compared with other gold junior producers this one is not to be missed...
Well... time will tell.
NGX Price at posting:
70.0¢ Sentiment: None Disclosure: Held
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