New Murchison Gold update- mining for only 3 months, $92million in the bank...

u/fact_not_salty_tears · Reddit — r/pennystocks · January 20, 2026 at 22:39 · ⬆ 9 pts · 💬 13 comments  | View on Reddit ↗
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Original Reddit post

Bullish post on New Murchison Gold citing $92M cash after three months of mining, no debt, a second mine opening 900m from Crown Prince, and past price gains.

NMG.AX — LONG 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.

After only three months of digging the one mine, the company has $92million in the bank, after costs.

Score 9
Comments 13
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u/fact_not_salty_tears Reddit r/pennystocks
Bullish on cash-rich gold miner's second mine
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.
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This Reddit post, published January 20, 2026, features u/fact_not_salty_tears discussing NMG.AX. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/fact_not_salty_tears  · Tickers: NMG.AX