Of course Gina has shown her hand with CYL holding now. It tells me there are more investors around with deep pockets to come to the new Vic goldfields. Not many options atm; CYL and NML only.
(CHN is still drilling and it will take some time to find anything close to Tandarra or Four Eagles)
I am really very surprised why the market is so slow about finding the good value stocks, why no one was buying when NML was 5c with very low market cap. Very weird IMO.
NML still has a lot way to go; As Barry Fitzgerald said; NML has 49% of Tandarra project and has been kicking goals at its Langi Logan and St Arnaud projects, albeit with none of the that yet reflected in its modest $30m market cap. He even didn't mention about Irvine Project (Adventure and Resolution Lodes) and maybe he is not aware of Glenlyle Project which is also very promising.
The players around NML;
Crocodile Gold Aust. P/L (KLA - Kirkland Lake) owns ...... 10.59% of NML VBS Exchange P/L (Smorgon Group) owns ..................... 10.59% of NML NML management owns ................................................... 12.18% of NML Chalice Mining (CHN) is in NMLs Top 20 owns ................ 1.82% of NML
CYL (51%) JV partner with NML (49%) in Tandarra Project
Gina Rinehart (Gold Exploration Victoria P/L) is CYL's 50% JV partner in Four Eagles Project
St Barbara Mining is holding 16% in CYL. Gina Rinehart (Gold Exploration Victoria P/L) owns 11% of CYL
Arete Capital (Hugh Morgan) now run Stawell Gold Mine
Newmont Mining is now in the area holding tenements
NML Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
