NML 5.71% 9.9¢ navarre minerals limited

I am the opposite. Drilling deep porphyry targets in a small...

  1. 733 Posts.
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    I am the opposite. Drilling deep porphyry targets in a small company is a fools paradise. NML is far better off drilling and spending their money on the gold near stawell because there is a mill and a tailings facility nearby. There is no history of porphyry targets being developed in Victoria. Most porphyry's never get developed because they cost a fortune and they are characterized by low grade - bulk tonne operations which require massive amounts of energy.
    The mining investment world is littered with small companies blowing themselves up drilling these things.
    as a nml shareholder I think we are far better off with the gold at Stawell/Ararat plus the tandarra asset.
    I can't see Kirkland Lake on the Stavely register.
 
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10.5¢ 10.5¢ 9.8¢ $42.60K 421.4K

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