@vontrader, wasn't meant to be a blatant ramp (ok maybe a mild one
) but just wanted to highlight the real potential here is most likely going to be down deep.. as SAR is showing the grades get better and better as they go deeper. As pointed out by Andy Tudor at the RIU conference in Melbourne last week, SAR's shallow discovery holes were relatively low grade (I don't have the exact numbers) which is exactly what is exciting about NXM getting such promising hits so early in this campaign. This is more than just another nearology play as the rocks and structural setting are very similar to those hosting SAR's mineral deposits to the north.
Quietly optimistic anomaly the remaining holes and especially GT6 will yield some good results. Pretty amazing how little attention the market is paying here but that could easily change in coming weeks. Cashed up and with such a low EV, the current low share price is bordering on the ridiculous.
Disclosure: I have been buying over recent weeks and picked a few more today.
GLTAH & as always DYOR
