Bullish on New Murchison Gold (NMG) citing $92M cash from 3 months of mining at Crown Prince, a new Lydia mine, and exceptionally high-grade gold intercepts.
NMG.AX — LONG 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.
Yesterday the company announced that it has $92million in cash, after costs, with no debt, from only 3 months of mining.
This Reddit post, published January 21, 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