NML
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0.00% 11.0¢ navarre minerals limited

Resource statement

  1. rivermore
    2,603 Posts.
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    06/03/19
    21:48
    Post #: 37678006
    With the stockbroker report on the NML website stating that the initial resource statement will be released in March (ie this month), I’m curious to hear people’s thoughts on the quantum expected and it’s impact on NMLs prospects. CYL raising capital vis placement to GEV (Gina) has catapulted their mc to circa $150m. The transparent valuation to NML is ~$65m? which is obviously inconsistent with our current SP. Issuing a resource statement for say 1.3m ounces only compounds the disparity (even CYL don’t have a RS yet). Something has to give soon doesn’t it? Happy to hear what ppl think.DYOR
    NML Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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