NXM the next multi bagger, page-26

In the video of Andy Tudor, he says they will mine open pit for the first six months starting Q1 2021. He says they then have two years of underground proved up and they will follow the regular course of drilling to keep at least 2 years ahead of underground mining. Based on this I say they may be producing 20000-30000 ounces per annum early next year.

NXM Pinnacles gold starts at surface and they will be using contract plant and equipment the whole way. Even if contractor costs and toll treatment make an AISC of $1600 then NXM would still end up with cash flow of $20-30m and even more if the AISC is lower.

NXM also says SAR may provide a gold production based funding line to pay the $5m startup costs. NXM may end up being a $100m+ company in not too much time at all.