Key to this play is the diamond drilling which will start...

Key to this play is the diamond drilling which will start imminently. If they can how high grade dirt sits below the alluvial hits this will be the next Dacian (DCB) or Breaker (BRB) and will see the market cap rerate accordingly which you would anticipate would be 10 - 15x.

Encouragingly they are well funded with the Vic Government also covering 50% of drilling costs.

I like management also. Wilson turned Ballarat gold from a $3m speck to $100m resource before being taken out on the model be is replicating with NML.

DYOR and I hold for this reason. 2017's dark horse.