Euroz had some interesting views on NXM: https://www.nexus-minerals.com/investor-reports/research-reports/644-euroz-hartleys-initiation-of-coverage-report-18-october-2021/file
Their analysis assumed depth of 500m and valued NXM at 80 cents for a 1.5m oz to 2m oz resource, working on a basis of two pits and underground mining.
Yesterday's drilling tagged the resource, assumed to be continuous to surface down to 730m and open in all directions - so I guess we can infer the Euroz estimate could increase 50% along with the depth
Who knows - all I know is that I read it as good news from an exploration standpoint.
NXM the next multi bagger, page-2243
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