The MXR gold nugget web page only has a few gold nuggets left for sale, the biggest being 5.68 oz or 176.74 grams for sale at $12,066. A decent premium of over $2,000 an ounce. Spot price is currently at $1161 an oz. With most gold analyists forecasting a price of US$2,000 an oz (plus), this nugget will be worth about AUS $20,000 in the near term. Maybe Maximus should withdraw the larger premium nuggets for 6 months?
Good to see the sales have been occurring but hate to see them selling before the next price move up.
There's only 7 nuggets left ( above $500).
The production currently under way with the new sampling plant should see some additional nuggets listed for sale in the coming months.
Seems there are more people investing in actual gold as a store of wealth.
The current estimate is an Inferred Mineral Resource containing about 16,000 ounces of gold at Selheim. For colluvial sediments this has a lot of upside... (being formed insitu)
"Gold mineralisation at Sellheim occurs, as is often the case, in near vertical quartz veins which cut the bedrock. These veins are widely spaced (several metres apart) and the gold is distributed very irregularly. Nuggets generally have a flat ellipsoid geometry, particularly the larger ones. The nuggets occur in two main ways. Firstly, in veins in bedrock, in which case they have their long axis vertical and have relatively jagged boundaries, possibly attached to quartz ─ as shown in Figure 4. These are primary nuggets which are basically found where they formed “in situ”".... from the Maximus nugget geology page on their website.
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