wow MUIPROP own around 132m shares of NME. Today closing price is 0.15AUD per share = 19.8mAUD = RM57.4m(1AUD = RM2.9) worth around RM0.0746 per share(57.4m/764m shares) MUIProp mcap = RM145m only so the value of Muiprop = 145+57/764m share = 0.264 per share this is just rought calculation to relate the value of NME with Muiprop share value! It is not a TP for this counter! This is just starter as all the drilling report is coming out since feb 2020! There will be more report coming out for the following month hopefully it will move muiprop shares price!
I think slowly got more ppl notice this counter as gold price increase and NME actually start mining gold! Now all talk on paper only for NME and their bank account only have 27k AUD haha! luckyly last week they get back 500k AUD back from someone so i think can tahan until all test drilling finish!
The already found gold . The question is, if it is feasible to mine at current gold price! Today drilling result show that is is highly feasible because high concentration found in 9m to 52m deep. It is very shallow and cheap to mine. However these report only consiste of 11 hole from 44 hole! next week we know for sure if all the 44 hole drilled really have high concentration of gold!
willwin the main issue is has they really found Gold yet?
sold mine at 0.20 earlier ...will see any chance to buy back later.......need lot patient to wait see is the rock is real gold or just stone later....:)
I think need at least few month or years before they decided what to do with their finding.
NME they actually try to dig around and fail for almost last 10 years. They bought this area at 2009 after the financial crisis.
Then come this MCT JV May 2019, try to find gold where MCT will pump initial 500k for first year. If MCT like what they found they will continue the jv for 5 years with 5m investment and own 51% of the finding.
Seem like MCT do a much better job than NME when they report some finding with high grade gold, just after some drilling for few month.
I hope they continue the good works and keep the good news in.
Gold mining is long term investment and we have no information when the company will get it? If their success rate is high, then price will up! Let wait for the next announcement on the Aust. investment.
Thanks Jack for your assistance! BTW, just capital rising/ placement announcement matters. Let wait and enter when at the right time. I sold my holding.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jessgoh
1,175 posts
Posted by Jessgoh > 2020-06-25 11:09 | Report Abuse
i bought time 0.23 now 0.19 even say got good news....haiz