Hi @rivermore
NML has received very good results and a lot to explore. The Ararat project is open towards southern margin and deep under the ground. A deeper drilling will reveal more gold. Stawell mine drilled down to 1600m for gold and a lots of gold extracted from those levels. It will most probably be the same Ararat project. Just needs more drilling and time. But the sp will not hold here for long I guess.
I am holding tight. Btw, the price of gold is going very good. It has broken the US$1200 resistance and no one knows where it will stop now. If it can go over US$1300 NML's shares will be in very high demand.
NML Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held