NMG new murchison gold limited

2.70%

3.8¢

5c for NMG? $125M in the bank after just 4.5 months - makes no sense, page-6

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kellimba

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19/03/26

09:46

Post #: 83289981
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Originally posted by MRRC: ↑

Just got off the phone late last night and I’ll be blunt - this is looking ridiculously undervalued at these levels.

There’s a massive gap right now between what’s actually unfolding on the ground and how the market is pricing it.The confidence coming through is extremely strong, and everything is progressing exactly how you’d want to see it at this point.

What really takes this to another level is what’s coming into production. Lydia North and the Crown Prince underground are shaping up to be absolute game changers. The grades being pulled out are exceptional - 7m @ 116.80 g/t Au from 7m, including 1m @ 794.20 g/t Au from 9m, plus 3m @ 39.71 g/t Au from 12m including 1m @ 111.71 g/t Au from 2m. That is serious high-grade material.

Lydia North in particular looks like it will be generating cash almost immediately from first production. This isn’t a long-dated story - this is near-term cash flow.

On top of that, revenues are expected to more than DOUBLE from around $30M per month to over $60M per month. When that level of cash flow starts hitting the bank account, it becomes very hard for the market to ignore.
Drilling results are due this month, with the updated reserve now expected next month - earlier than previously indicated. Everything is lining up, and it’s lining up fast.

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Mate I know you're extremely bullish on NMG but have you factored in the huge increase in the price of fuel and the fact that POG has now dropped below $6900/ozt AUD??

I can only see the pain in the SP slipping further down short term.

OR has this already been priced in?

Last edited by kellimba: 19/03/26

NMG Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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Last 3.8¢		Change 0.001(2.70%)		Mkt cap ! $401.9M

Open	High	Low	Volume
3.8¢	4.0¢	3.8¢	21.64M

Buyers (Bids)

Vol.	Price($)
383725	3.8¢

Sellers (Offers)

Price($)	Vol.
4.0¢	4070692

Last trade - 16.10pm 12/06/2026 (20 minute delay)

NMG (ASX) Chart

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