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5.26% 4.0¢ nexus minerals limited

Ann: Wallbrook Exploration Target & Mineral Resource Estimate, page-205

  1. Corgi
    2,370 Posts.
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    01/05/23
    13:37
    Post #: 67544511
    @Just4kicks a very high level sniff test.

    Assume $50/oz industry average and this includes some forward looking resource growth. Keep in mind the below peers are well over 1moz prospects. & that BRB's $EV/Oz is the most realistic live example as they have a Bid from RMS and in the process of Takeover.

    175koz x $50/oz = $8.75Mil

    Risk majorly staked to the downside

    https://hotcopper.com.au/data/attachments/5238/5238465-79a5b52243f567117764716e468b246c.jpg

    Last edited by Corgi: 01/05/23
    NXM Price at posting: 9.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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