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New direction for Noricum Gold

By Robert Tyerman | Saturday 18 July 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Long-term AIM loser Noricum Gold (NMG) has decided to seek its fortunes far away from the Alpine Austrian projects which have preoccupied it, as yet fruitlessly, since joining AIM in 2010. The British Virgin Islands-based company, whose shares have lost 95% since floating at 4p to 0.18p now, is transforming itself by buying 50% and operational control of the Bolnisi copper and gold project in the former Soviet republic of Georgia (home of Joseph Stalin), which Soviet-era estimates suggested might hold a potential 980,000 tonnes of copper, 6.6 million oz. of gold and 22 million oz. of silver.


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