Value Microcaps Junior Miners

[dr_airtime]

NMI.TO - **Link back to my last post if you haven't**

Link back to my last post as one of my must-read posts of 2015 for a must-own gold producer if you want sector exposure. Technical chart suberb and I am crossing fingers for pullback for initial position in what will hopefully be a multi-year hold, adding along the way.

Elevator pitch is that this that an all star Vancouver-based management-board team acquired Crocodile Gold and plan on using this platform to consolidate producing gold assets. Bringing the company to the TSX and it currently trades cheaper than all the Canadian underground producing companies on every metric, but arguably should not as in Australian dollar has been hammered about 10% lower (relatively) to Canadian dollar in last year (Gold priced in $USD vs. costs in $AUD).

For a quick intro look as slides 22 for valuation (Metrics - these are conveniently unchanged since September so undervaluation is overstated) and slides 25 for examples of the calibre of management-board.

http://www.newmarketgoldinc.com/assets/docs/presentations/newmarket-gold-corporate-presentation-oct-v9.pdf

This is highlights the of recent drilling on flagship Fosterville mine growth resources with this quote from the CEO making the production grade sound similar to Abitibi Canadian underground producers (Richmont, Lakeshore, Kirkland):

Mr. Douglas Forster, President and Chief Executive Officer, Newmarket Gold commented: "In the first half of 2015, exploration drilling completed at Fosterville resulted in the discovery of the Eagle Fault in the Lower Phoenix gold system, a new zone of significant visible gold mineralization proximal to current mine infrastructure. Recent drilling targeting the Eagle Fault, and other structures, continues to intersect high-grade gold mineralization containing visible gold with mining currently extracting ore from these structures which contributed to record mill grades of 6.4 g/t Au in Q3, 2015. Since its discovery, we have seen the Eagle Fault continue to expand which is encouraging as it has strong potential to add to our mineral reserves and resources."

http://finance.yahoo.com/news/newmarket-gold-exploration-success-fosterville-113000847.html