NM NMG.AX New Murchison Gold Limited Loading... : Investor Sentiment and Bull/Bear Views

The author argues New Murchison Gold generated $92 million in cash after costs with no debt from only three months of mining at the Crown Prince mine, which sits atop the second largest gold intercept on Earth for 2025. A second mine called Lydia is being opened 800 metres from Crown Prince, and deep underground at Crown Prince there is a much better layer of gold at 554.27 troy ounces per tonne. The stock rose 45% on the Frankfurt exchange overnight, and the author expects a big day on the ASX. The main stated risk is implicit in the speculative penny-stock nature of the claim.

The author argues New Murchison Gold generated $92 million in cash after costs in only three months of mining at Crown Prince with no debt, demonstrating strong cash generation. The stated catalyst is the opening of a second mine only 900 metres from Crown Prince, which the author expects to drive further gains. The author predicts the stock will rise at least 300% this year after a 450% gain last year. The main stated risk is implicit in the speculative penny-stock framing, though no explicit risk is named.

The author reports high-grade gold intersections from a second site (Lydia) at New Murchison Gold, including 3m at 32.9g/t Au and 9.10m at 10.3g/t Au, which he says rivals the Crown Prince open pit. He argues that a second site showing tremendous reserves makes a second mine highly likely, which should drive the share price up. The catalyst is the newly released drilling update, with the author expecting the stock to 'fly today'.