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4.76%

10.0¢ navarre minerals limited

Ann: Exploration recommences at Irvine Gold Project, page-9

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15/09/17

19:11

Post #: 27255228
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Originally posted by rivermore ↑

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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Bought into NML about 7 months ago so have been reading your post since then. As a result of reading to many of your posts about CYL I succumbed to a debilitating bout of FOMO which was only alleviated when I bought into CYL at .52 cents, now if I lose from here it will be on me .Thank you rivermore for your informative posting.

NML Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
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)

NML (ASX) Chart