I was very happy with the move in ARD today,finally those 2c and 2.1c lines were cleared.I am not a chartist but I think ARD should have a fairly easy run to 3c now. Also was interesting to note the announcement by NWM today of their 200,000 oz + JORC resource for their Bulgera gold project near Marymia and also the waste dump there which is +2 million tonnes of less than 1g/t .If they can process that waste and recover even half a gram per tonne then by my math on the back of an envelope 2,000,000 x .5g/t then that "waste" contains around 32,000ozs of gold ....even allowing for digging costs& processing of $1k -$1.7k an ounce then at current prices it's worth in the vicinity of $64m which is about 3 times its current MC.I am holding NWM principally for their Arunta ground.
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I was very happy with the move in ARD today,finally those 2c and...
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