An investment case25 Nov 2021 23:28
Courtesy of Zoroz - as initial thread will be deleted due to disrupters.
Afternoon all.
Nice to have a troll free few hours before they come home from their "proper jobs"!
Just thinking out loud and bouncing off you guys, if I may.......
From an NCM perspective, all eyes are on the SLOS mining for the present (2023/4 until 2033 ish). They want the income from the low hanging fruit. The grades are proving up nicely and to be honest I think NCM know the next MRE2 will firm the numbers up such that the Stage1 mining plan will return stellar rewards (hence the rate of progress). It would take a brave man/woman/troll to challenge the quality of the resource now or in the immediate future.
I plan to exit around production time.
Longer term...I think the BUM! (bulk underground mine) evaluation definitely needs refining and better grades than those 'suggested' by some brokers and some trolls are needed. I suspect this will come in time...in fact confirmation of an economic BUM needs to be on the table by DFS (Q4/22).
I think that if NCM produce a whopping MRE2 and or GGP discover a mini Hav regionally....then the 5% option will be taken up. Irrespective of this, When NCM sits down with GGP @ the DFS to decide go/no go for the BUM....then will be the time for a decision either to buy the 5% or go after the whole lot @ GGP(Hav).
24 assays incoming next month...should be interesting and even if good, won't move the dial much (as history suggests), cos it's all still in the ground.
NCM Interim report (09/12) is always worth a detailed read.
GGP AGM (14/12) is background news and I don't expect much there.
Finally...will NCM take over management @ Juri in December?
Saddle Reef and Parlay assays due THIS month!
If Juri shapes up, I think NCM will take control.
Busy few weeks left....SP will sit around 15p to 17p at year end in 4+ weeks time, IMO.
Enjoy the rest of your day.
Z
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