ALY ran from under 10c to a high of 38c (now 25c) on the back of its extraordinary gold drilling result of up to 5m@34g/t.
NWR's summary: - $6.1mln cash - 2500m of drilling just completed and result will be either late Aug (i anticipate early Sept). - Market cap is less than $7mln versus cash backing is over $6mln. - Nullagine gold JORC is 353kOZ at 8.3 g/t where Blue Spec deposit is 323,000t grading 24.3 g/t gold for 253,000 oz and 5,550t of antimony grading 1.72%. - Feasibility study is also coming.
This one should worth at least 10c, given that it has 253kOZ at super high grade of 24.3 g/tonnes. The coming 2500m result might deliver significant upsize potential.
NWR Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
