NXM the next multi bagger, page-1837

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robbo24

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30/11/21

09:29

Post #: 57952177
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Originally posted by cjames1: ↑

My analysis:

- This company is currently drilling two prospects which are showing the early signs of being a multi-million ounce discovery (and possibly connected)
- The discovery is being made in the best gold mining jurisdiction in the world (Western Australia)
- The discovery is sandwiched between two mining operations and within short trucking distance of a cashed up major with a mill that needs to be fed (an obvious takeover target)
- Company management are highly experienced and well regarded geologists who know how to maximise shareholder value by making large discoveries
- Global governments and central banks have been stimulating the economy to such an extent that we now have inflation the likes of which we haven't seen for 30 years (super bullish for gold, regardless of analyst fears of rising interest rates)
- Global gold reserves and head grades have been continuously dropping for years due to the fact large gold discoveries have become very rare (so new large discoveries are valued at a premium)

As for what the share price will be in 12-24 months I can't tell you. But I believe it will be higher than what it is today. What have I missed?

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Also the Bethanga copper/gold project that Andy Tudor wouldn't be acquiring unless it was exceptionally prospective

Also holds 5.5m shares and 5.5m 9 cent options in ASX:GIB and another small holding in another company I can't remember off the top of my head

Also has existing ore sale agreement/relationship with NST

NXM Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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(20min delay)
Last 7.4¢		Change 0.000(0.00%)		Mkt cap ! $44.67M

Open	High	Low	Value	Volume
7.5¢	7.5¢	7.2¢	$55.62K	752.6K

Buyers (Bids)

No.	Vol.	Price($)
1	86923	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	90000	1

View Market Depth

No.	Vol.	Price($)
1	86923	0.074
1	20276	0.072
2	127571	0.071
1	20000	0.070
1	40000	0.066

Price($)	Vol.	No.
0.076	90000	1
0.080	70000	2
0.084	20386	2
0.085	18418	2
0.086	12000	1

Last trade - 15.59pm 24/06/2025 (20 minute delay)

NXM (ASX) Chart

NXM the next multi bagger, page-1837

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