NMR is one of several junior ASX gold explorers planning to restart production this year with their own refurbished mill, and these companies probably could not have planned their timing any better. Existing processing plants are becoming highly sought after, especially as new plants are so expensive to build, and the permitting process has become almost impossible to navigate.
Once they get the plant up and running, they should have a number of toll treatment options becoming available in addition to their own production to keep the mill full, which will add to the income potential.
When the gold bull market really takes off and junior companies fire up, those will their own processing facilities are likely to outperform. As well as NMR, contenders include EMC, MEK, VTX, AWJ, GDM, MM8, AUN, BTR, HRZ and the standout BC8. There are probably others which I've missed.
NMR Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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