this gold stock up 21% today on good volume !!

Someone keen to buy some today. No wonder based on how undervalued it is...DYOR. My previous post which i have pasted below shows how undervalued it is !!



Nex currently has a market cap of $19m. They have approx $3.5m in the bank. They have paid for the Mine Site Infrastructure setup and have estimated to have saved $15m (read below). Their current market cap is only factoring in cash in bank + infrastructure savings ($15m +$3.5m = $18.5m. Current market cap is $19m). No value has been placed on their 749,000 ounce resource which is growing. No value has been placed on their 100,000-150,000 ounce gold producer status in the future. No value placed on the gold they will be producing in the next 3 months !!!

IS THIS THE MOST UNDERVALUED GOLD STOCK CURRENTLY ON THE ASX ????


Kookynie Gold Project 100% owned, with 22.18Mt
resources for 749,000 ounces of gold (ASX).
- Robust Economics, annual production potential in excess of 100,000 oz au / pa.
- Central Location close to infrastructure.
- Mid Tier Gold Production Targeted & Long Mine Life Potential.
- Huge Exploration Upside. Many development targets
yet to evaluate and many more ready to drill.
- 100,000-150,000 ounce gold producer in the future
- Majority of the resource is at a shallow depth
- Low cost of production
- Plan to pay a dividend in the future

From the recent AGM presentation:

"Mine Site Infrastructure Setup & Paid For!
? 40 person camp $ 2,500,000
? haul roads $ 2,500,000
? remnant 1.2 Mt/a CIP gold treatment plant+ ROM pads etc $ 3,500,000
? flora and fauna studies 1 year time saved
? abundant excellent quality Raw Process Water $ 1,000,000
? Plus an established bore field inclusive of plumbing $ 2,000,000
? Tailings storage $ 1,000,000
? Other (Internal costs, offices, telephony, power) $ 2,000,000
? Estimate of setup savings $ and time (1 year) $ 15,000,000"