I see are NZ central Otago Gold fields neighbour SMI just dropped a massive Gold project upgrade ...
SMI • One-Million Ounces of gold have been added at RAS with a 30% grade increase from drilling over the six-months since the July 2022 RAS MRE Upgrade...
• RAS 2023 MRE upgrade totals 2.66Moz @ 2.5g/t Au up from 1.68Moz @ 1.9g/t Au including a maiden Indicated Resource of 0.28Moz @ 4.3g/t Au (10% of total MRE at 0.5g/t lower cut-off / top cut).
NZ so very under explored ...SMI could well have a very large Gold Deposit and IMHO looks cheap @ 117mill cap... with grade well above the average being discovered these days ...
NAE need to pull finger>>>> I'm sure this central Otago area would have many major Gold deposit yet to be discovered ...you got to understand NZ Gold boom was from 1860 to early 1900s they produced over 7Moz+ in the region pick and shovel and some old tech ... been very minor modern exploration work ....
NAE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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