NXM

11.1%

4.0¢ nexus minerals limited

Ann: Nexus Wallbrook Regional Drilling Commences, page-12

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robbo24

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05/06/23

22:12

Post #: 68142682
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Originally posted by Corgi: ↑

@Barry2018

Not sure where Robbo is getting his bench mark numbers from.

But here is my substantiation of the $60/oz peer average number and I was being generous as this average is heavily skewed by BGL, GMD & DEG's high valuations. Refer below. If you exclude those 3, the peer average is much much lower, but it's ignore that for now.

The below peers have much larger resource bases which nearly all of them have over 1Moz with genuine upside potential. that is multiple step changes above NXM.

NXM has a small 175koz resource. 175koz x $60/oz =$10.5mil. Again, keep in mind that I'm being generous with the $60/oz average when in reality it is much lower. Therefore, NXM currently is overvalued.

The biggest risk now for NXM is that with only $6mil cash remaining, they are under some serious pressure to release a much improved resource upgrade and if they fail to hit the lower range of the resource estimate target then it would be game over.

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I am using the Goldnerds spreadsheet. I have set out the reasoning of using the stocks have used. The prices are current to rodays close. Why compare NXM to BGL etc? Better comparison to be drawn to gold-only explorers. BRB is also not a great comparison, they coyldnt even diamond drill without getting the rig stuck in mud. Perhaps a signal of why it was sold cheap as you say.

NXM Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
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Last 4.0¢		Change 0.004(11.1%)		Mkt cap ! $15.56M

Open	High	Low	Value	Volume
3.7¢	4.0¢	3.7¢	$17.59K	456.0K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	641613	6

View Market Depth

No.	Vol.	Price($)
1	100000	0.038
2	127560	0.037
3	424688	0.034
3	1050000	0.033
5	4250001	0.030

Price($)	Vol.	No.
0.040	641613	6
0.041	270000	1
0.043	10000	1
0.048	145000	2
0.050	200000	1

Last trade - 16.10pm 16/08/2024 (20 minute delay)

NXM (ASX) Chart

Ann: Nexus Wallbrook Regional Drilling Commences, page-12

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Ann: Nexus Wallbrook Regional Drilling Commences, page-12

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