NXR
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0.00% 2.0¢ nemex resources limited

is it time to unleash the hounds, page-13

Currently unlisted. Proposed listing date: WITHDRAWN
  1. ddzx
    37,911 Posts.
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    07/07/11
    20:44
    Post #: 8644935
    how much?

    100mt of low opex DSO at $4/t = $400m

    divided by 80m shares = $5 share price

    the DSO drilling will be at surface and shallow

    at 2m thick, area for 100mt = 4km x 4km

    at 200m spacings, that is 400 shallow drill holes for an inferred JORC resource

    2 drill rigs x 8 holes per day = 25 days of drilling

    OK...just dreaming

    NXR Price at posting: 24.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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