Rightly said Rivermore. If they keep ticking the boxes, this stock will certainly do well. The drilling results that CYL (jv with NML) are putting out are also very good. The fact that SBM have taken a 5% stake in CYL for $0.50 cents a share should reinforce that they may want a T.O at some stage if drilling pans out the way I hope. That the NML Board and Management have skin in the company (16%) was a big plus for me buying shares. Also they are frugal with shareholders money.
They spent $308 k on exploration in the last quarter. Admin was $29k and other staff expenses were $41k. That is a bloody good ratio spend for an explorer.
NML Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
