POG2 Aug 2016 09:54
POG going well,there are some pundits who are suggestion a POG towards $1850 if Trump gets in as he has stated US will look to buying gold to back the dollar as it is slowly being displaced by China and others as a reserve currency.
So as the POG increases it will cause more interest in small companies that have potential as NMG has with its resource bank currently being proved up to JORC standards.
This from the last RNS has been added to our existing reserves.
· Existing Soviet Resource (non-JORC, C1, C2 & P1 Soviet Reserves & Resources) of:
o 460,000 oz gold ('Au') at an average grade 4.63 g/t (We now have over 7 million ounce gold resource)
o 740,000 oz silver ('Ag') at an average grade of 7.3 g/t (add this to the 22 million ounces)
o 50,000 t copper ('Cu') at an average grade of 1.57% (Now well over a million TONS of copper)
o 130,000 t lead ('Pb') at an average grade of 4.13%(etc.,)
o 150,000 t zinc ('Zn') at an average grade of 4.7%(etc.,)
· 30 ore-bearing zones identified with peak mineralised widths of 23m and grades up to 55g/t Au, 253g/t Ag, 21% Cu, 28% Pb and 35% Zn
Significant expansion potential has been demonstrated by previous work - existing resource relates to a limited area on strike with mineralisation extending to the northeast and south
David Garedji lies close to the Company's Bolnisi Copper-Gold Project ('Bolnisi') which has total mineral resources (non-JORC) of 980,000 tonnes of contained copper; 6.6 million ounces of gold and 22 million ounces of silver, also in partnership with CMG.
Then look at our share price at .16p ~less than a sixth of a penny~seems to be one o the most undervalued shares on the AIM market interns of resources and how near it is to exploitation~End of Q3 so in my view well worth a buy and tuck away with excellent upside potential probably in the region of a factor of 6 once production is under way~ if all goes well by the end of the year~ allowing for delays !