Things are getting pretty crazy. CYL (our JV partner at Tandarra) still has to spend >$1.0m by September next year or lose their 51%. They are capitalized at $48m yet their only other asset is the Gina JV that she is buying half of by spending $4.2m
NML has about $1.5m cash plus some Vic Govt funding plus 100% of the very prospective Irvine project that has potential for significant gold plus some existing shallow resource already found yet we're valued at $9.77m
Meanwhile, Kirkland Lake (who is NML's largeest shareholder) has found BILLIONS of $$$$ of extremely high grade gold at Fosterville in a parallel structure (I think) to Tandarra.
Everytime I think this should EXPLODE upwards, it goes the other way so.....
SELL, SELL, SELL. I reckon its going to drop to negatives....
(lets see if this works). Good luck all, DYOR (but it may send you nuts).
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $28.55M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $208.6K | 1.973M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 120649 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 111674 | 4 |
Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
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