NXM nexus minerals limited
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Ann: Crusader-Templar Drilling Results include [email protected]/t Au, page-84

  1. R21
    1,419 Posts.
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    21/12/21
    13:16
    Post #: 58436819
    DDH4 hype and visible gold in DDH5 pushed speculation to say 1600*200*~500 which just became 1600*200*~200.
    Open pit + UG mine just became open pit only.

    So back of the envelope perhaps 3-3.5Moz now 1-1.5Moz.
    EV back down to about $85m.

    That being said, there's still plenty of drilling on the horizon.


    NXM Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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