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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by miningmanon Feb 15, 2020 11:41am
217 Views
Post# 30695308

RE:RE:The net present value of 2.59B/185 million shares=$ US 14

RE:RE:The net present value of 2.59B/185 million shares=$ US 14
dove19 wrote: And dont forget Flow Dome area is not even accounted for; this area could double the reserves  or at least increase them by 50%.



Dove  this post of  yours didnt exactly pan  out  did  it ???  Dont get too excited  about  reserves below 1200L  .   The   mere fact that  probable  reserves were being carried at  higher grades  than  proven  was one  of the major  red flags to me that   published  numbers could  not be trusted.

If  they  find another Cleo, grades will improve for  one  quarter to  10  grams,  not  much  more.
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