The strategical pivot may have been more opportunistic rather than pre meditated.
Andy mentioned that someone he knows brought the project to him and said it needs to be in the hands of a listed company(something to that extent, not exact words).
He has loads of experience in copper porphyry exploration and probably thought it was worth a good look given the future forecast for copper. Fast forward 18 months and the fertility study has come up with a tick in all aspects…..why wouldn’t you want to get stuck into it?
I’d imagine the lack of substantial hits from the diamond drilling at Wallbrook have helped determine the path to an extent.
That being said, as per the latest announcements they still plan to do more drilling at Branches and the other targets generated in the other corridors.
Maybe management have bigger dreams for NXM than just proving up a few gold resources to sell to NST.
He seems like a geologist with plenty of excitement and passion left….let the man find us something truly special.
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NXM
nexus minerals limited
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-29
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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) ? |
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NXM (ASX) Chart |