Yes the market cap of NML ($17m MC) looks very cheap in comparison to CYL ($120m MC), or CYL is overpriced which I don't think it's the case. NML has around $3m cash while CYL has around $5m cash.
NML owns 49% of Tandarra plus Irwine gold project which aims 5Moz. The Resolution Lode and the Adventure Lode prospects of Irwine Projects both have big potential to feed ore for Stewall mine. NML is aiming for maiden Mineral Resource for Irwine Gold Project in Q4-2018. That will be a big catalist for the sp.
Plus St Arnaud Gold Project, plus Glenlyle Gold Project.
Anyway, we all know that this is a waiting game, it needs patience. The depth of NML tells the story.
NML Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held