NXM nexus minerals limited

1.64%

6.0¢

Pinnacles is a fantastic little resource waiting to be mined....

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smulv

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06/09/24

16:20

Post #: 75564619
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Originally posted by robbo24: ↑

You can look up what the minimum expenditure requirements are on the Department of Mines database. When a company does a CR they need to list what they may/intend to use the money for. I think it just means there's no currently stated campaigns for the money right now.

NST could buy shares if it wanted - how do you know they didn't?

My view is that NST may have made an offer, why wouldn't they buy nearby ounces. The way NXM has approached Crusader/Templar my view is that there's utility in adding value/certainty/analysis to the current resource in terms of $$ for oz in the ground. If NST doesn't buy it, someone else might, or NXM may very well push out a boat of toll treatment or other arrangement. Shallow, easily processed ore - what's not to love.

Pinnacles is one to watch too I reckon.

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Pinnacles is a fantastic little resource waiting to be mined. Even just the open pit section is worth far more than the ev of Nexus at the moment. 82,000 oz, for say 200 bucks an ounce, is 16.4million, current Nexus ev is less than that, I believe 200 is conservative too all considering.

NXM Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $36.22M

Open	High	Low	Value	Volume
6.1¢	6.3¢	6.0¢	$161.0K	2.668M

Buyers (Bids)

No.	Vol.	Price($)
1	20000	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	188995	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.059
1	200000	0.056
1	500000	0.054
1	550000	0.052
1	60000	0.050

Price($)	Vol.	No.
0.060	188995	1
0.063	12754	1
0.067	95000	1
0.071	130000	1
0.072	387506	2

Last trade - 16.10pm 25/07/2025 (20 minute delay)

NXM (ASX) Chart

Pinnacles is a fantastic little resource waiting to be mined....

Most investors will get this earnings season wrong. Will you?

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Pinnacles is a fantastic little resource waiting to be mined....

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Sellers (Offers)

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