Australian (ASX) Stock Market Forum

NMG - New Murchison Gold

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greggles said:
Ora Gold is a $5 million market cap explorer conducting pre-production activities on its Abbotts and Garden Gully tenements near Meekatharra, Western Australia.
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I saw that this morning and the grades look great, but on inspection it is just rock sampling from old pits. I wonder how significant rock samples are? I suppose it could be an indication of what runs at depth, but? Worth putting on a watch list.
 
kennas said:
I saw that this morning and the grades look great, but on inspection it is just rock sampling from old pits. I wonder how significant rock samples are? I suppose it could be an indication of what runs at depth, but? Worth putting on a watch list.
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Yeah, this is a watch list stock for sure at the moment. It's got a long way to go but all it takes is some solid drilling results and a stock like this can take off quickly. It's not hard to go from a $5 million market cap to a $20 million market cap as an explorer if you hit some wide high grade intercepts.
 
Cheap WA Goldie OAU @ 0.003c .. dyor

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greggles said:
Yeah, this is a watch list stock for sure at the moment. It's got a long way to go but all it takes is some solid drilling results and a stock like this can take off quickly. It's not hard to go from a $5 million market cap to a $20 million market cap as an explorer if you hit some wide high grade intercepts.
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WA Goldie OAU @ 0.003c just announced .. dyor

Screenshot_2023-05-22-09-42-43-05_e2d5b3f32b79de1d45acd1fad96fbb0f.jpg
 
OAU is my pick in the November 2024 competition. Ora Gold despite recent good drilling results seems to languish at a low price.

The world is in a state of chaos and Gold despite a stellar rise seems to keep on going and going.

gg
 
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