NST agreed to acquire STK's Millrose project (40km from NST Jundee operations).
The Millrose resource is 346,000 ounces at 1.8 g/t at with a cut-off grade of 0.5 g/t.
The Millrose resource has no stated exploration target.
I wonder how many Mineral Resource ounces NXM would have at 0.5 g/t cut off instead of 1 g/t. Probably equal or more than 346koz - plus the large exploration target.
Compelling evidence that NXM is sorely undervalued - don't let the brokers and their acolytes scare you.
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