NXM nexus minerals limited

Ann: Branches Prospect Results Support Significant Gold Camp, page-58

  1. 680 Posts.
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    I finally got around to researching NST's divestments as it's interesting to see what they are unloading and at what price. Industry wise, it seems the push is on to minimise trucking distance to mills, which should benefit NXM provided the MRE and grade is decent.

    NST offloaded the following assets during the year:

    Paulsens 2.9Mt @ 2.5 g/t for 231koz and Coyote 3.1Mt @ 5.0 g/t for 493koz sold for scrip and contingent cash payment consideration of A$44.5M to BC8 = A$61.5/oz.

    Kundana 2.443Moz @ 4.1g/t sold for A$400M cash to EVN = A$163.7/oz

    GLTAH


 
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