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3.6¢ northern cobalt limited

Hi Lute, I noticed in the result they states Indicated resource...

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unname101

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29/11/17

09:56

Post #: 29203871
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Originally posted by Lute ↑

This is starting to look big.

A further 20 meters at 0.31% from 27 meters, 9 meters at 0.35% from 5 meters, 7 meters at 0.29% from 16 meters.

Significantly the latest drilling shows the mineralisation remains open to the south, in an area previously thought to be closed off at the sediment hosted Stanton Cobalt Deposit.

High grades, shallow, open along strike.

With individual meters at grades of 1%, this may not be a distant second when compared to EUC.

I know which stock has the potential for a re rate when comparing market caps.

Considering a free float of 25 million shares and 10 million options at 0.20, N27 market cap is cheap at only $25 million, when compared to a market cap of $180 million for EUC.

$3 million in the bank and another $2 million from option conversion, no raising will be necessary for the next 12 months.

I know which company presents compelling value.

Cheers Lute

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Hi Lute, I noticed in the result they states Indicated resource application in Q2 next year, this set up for their scoping study afterward. Very clear plan ahead in a tight timeframe.

N27 Price at posting: 72.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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