I am conflicted. To me it feels like they made this exploration update just to hide the Pinnacles PFS decision. Also, has the relentless selling been a large holder or 2 that knew it was coming? I was really looking forward to having Pinnacles brought into production to fund the next few years of exploration.
On the flip side, it looks like they will go all out on Wallbrook this year. 6000m of RC drilling and 1200m of diamond drilling at both Crusader and Templar is significant. Then it sounds like Branches and Paint possibly next quarter with a mention of first round drilling at new potential targets.
As others have mentioned previously, Wallbrook is the company making package. Pinnacles was just a small side show to help us get there with more funds/less dilution.
NXM Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
