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).
NML Price at posting:
4.6¢ Sentiment: Sell Disclosure: Held
