Ann: Wallbrook Exploration Target & Mineral Resource Estimate, page-36

OK so the next question is where the funds will come to 1) Follow up regional drilling to make this a "gold camp" or progress the mining studies (is this a non-PFS?) 2) diamond drill the walk-up targets at Bethanga, 3) Survey the vast expanse of this mega pegged tenement package (if majors with more resources don't peg this much ground, why would an under-capitalised small cap?)

$6m cash less anything owed to consultants for this MRE/non-MRE.

The cap raise in Nov-21 while the DDH4 hype was in overdrive was daylight robbery, $19m at 0.46cps (3% discount to VWAP!).
If you tipped into that you're down ~80% in 18months.
If you tipped into the Sep-22, you're cut in half in just over 6 months.

Corporate goodwill has been torched....NXM does not participate in capital markets without a hefty discount (>30%).