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#ASX Announcements - Q2 results
NMG generated 75.4 m from sales during the quarter @ gold price of $6300 / ounce from the open pit at crown prince.
Operating cashflow for the Q of $75.4m ended the Q with 92m in the bank with 2.5m spent on continued drilling,
They have 1 functioning pit at crown prince, exploring the potential of underground at that pit + other options for open pit at Lydia close by + the other prospects they have.
Cash in the bank with more to come, hopefully get to the target grade of 4.8/t for sales this quarter and higher gold price if it hangs around $7000aud.
@Bear77 what are your thoughts on this one I see you picked up some up.
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