NXM nexus minerals limited
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Ann: Crusader-Templar Drilling Results include [email protected]/t Au, page-148

  1. timjames109
    752 Posts.
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    21/12/21
    22:17
    Post #: 58448379
    They found something, but at $160Mil, the market has forward looked some kinda of scale to justify valuations? right?

    Those valuations are very close to MGV's who are much more advanced and have demonstrated scale so for an underground discovery, that would be the closest comparison? IMO, MGV's discovery at this stage is much larger.

    then you have the camp that think it's Crusader and Templar are open pit? But how can valuations be around the same as what AOP was acquired for? when their resource was much more advanced? Unless you think NXM is far superior?
    NXM Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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