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2.50% 10.3¢ navarre minerals limited

Ann: CYL:Tandarra Project Drilling Commences & Four Eagles Update, page-5

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  1. rivermore
    2,603 Posts.
    lightbulb Created with Sketch. 280
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    22/04/17
    13:50
    Post #: 24210420
    Yeah, I suspect it will take off at some stage. Look at the result for ACT015, its a gold reading per tonne over 10m vertical. At a SG of 3.0 thats 175grams of gold per square meter starting from 37m below surface. At just 1 hectare, thats 1.75 tonnes of gold? Thats roughly USD$80m worth of gold or even diluted to 49% equity, about A$50.00m v A$7m MC now. Given that thats just for 1 hectare, somethings going to give IMO.
    NML Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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