I Think Norsemont Mining Is The Best Brownfields
Gold Play In The World NOM:CSE/NRRSF-OTCQB
IMMEDIATE EXPLORATION POTENTIAL
The Rocks Haven’t Changed –
The Price of Gold Has Quadrupled
This one is so easy, it is just common sense.
The rocks haven’t changed.
The same amount of gold is in the ground. The difference is that with gold prices more than 4 times higher than where they were when Choquelimpie was first developed —— there are potentially millions of additional ounces that can be produced, right from the same pits as before!
And with all of the infrastructure already in place—the cost to get a brownfield project like this back up and producing is incredibly low.
The value of the infrastructure alone here makes Norsemont Mining’s current market valuation compelling. I can’t believe I found this stock so cheap!
And with permits already approved Choquelimpie is ready to roll……NOW!
This is economics 101….
1 – Gold prices have quadrupled
2 – There is almost no spending required on infrastructure if they choose to continue with the 3000 tpd mill.
That means exponentially higher revenues and very low costs. That is the recipe for success in every business. Higher revenue on lower spending. This is a two-foot, tap-in putt for investors. No high risk exploration, just value and growth at a ridiculously low valuation…for any business, not just for gold.
THIS SHOULD HAPPEN VERY QUICKLY
The gold sector is hot, hot, hot, hot…….
Doubles, triples in stock prices of junior miners happening in months.
But no gold stock that I’ve looked at in 2020 is set up as well as Norsemont Mining.
Marc Levy–has put this HUGE asset into a tiny company—there is only 48 million shares out!
Choquelimpie was only announced on May 20—two months ago. NOBODY KNOWS ABOUT IT.
The starting point here is 5.5 million ( 43-101 non-compliant!) ounces of gold equivalent, and both management and investors are hoping the end point could be multiples of that.
Marc Levy — the man behind Norsemont— has made a career out of building and monetizing companies for hundreds of millions of dollars for shareholders. There is no mystery how this one turns out. I’m sure his intention is to build, add value and cash-in.
The only mystery is how fast, and how big the size of Choquelimpie’s future (very compliant!) resource turns out to be after a drilling campaign using modern techniques at $1,900 per ounce gold.