Post by LEVRD

Alex Passmore, Managing Director of New Murchison Gold (ASX:NMG), returns for a candid catch-up on the Murchison gold story — a capital-light producer generating serious cash under its Bluebird ore-purchase agreement, yet trading lower even as the resource base jumps 47%. We dig into growth, the market disconnect, and the road to a standalone plant. Youtube - https://lnkd.in/gqTPd5Dy Spotify - https://lnkd.in/gZPiR6_J Six weeks on from our last chat, gold's wobbled and the share price has slipped from ~4.7c to ~4c — but NMG has added a 47% bigger resource, kicked off a new pit, and pushed Cloudkicker into production. Alex breaks down what it'll take for the market to finally pay for the growth. Key topics discussed - The 25 June MRE lifting Garden Gully 47% to 359koz remaining (409koz with depletion), 71% Measured & Indicated — and how far that gets NMG toward a resource base to justify its own plant. - Crown Prince Underground at 150koz @ 3.2g/t, now the single biggest chunk of ounces, and whether it firms up a ~3,000–4,000oz/month underground. - Maiden resources for Lydia (55koz) and the newly emerged Abbotts (44koz). - Crown Prince open pit: the Stage 1 / Stage 2 cutback crossover at ~55m, three dig fleets, and the September-quarter reserve and resource update. - Cloudkicker (formerly Crown Prince East): mining commenced, first caprock ore crushed in September, and eye-catching grade control — 10m @ 13.61g/t (incl. 3m @ 32.17), 1m @ 54.80g/t — coming in above model. - Underground feasibility (Q3), a potential vent portal off Stage 2, and a possible Crown Prince Main–Cloudkicker connection. - Greenfields upside at Abernethy South and Airstrip, the ~$10m/yr exploration budget vs ~$20m/month cash generation, and the path to a 120,000oz/yr producer with a standalone mill. #ResourceStocks #Gold #NMG #Westgold #Bluebird #GoldPrice Jane Morgan Jane Morgan Management (JMM)