NXM nexus minerals limited

Ann: Broad High-Grade Gold Mineralisation Grows Crusader-Templar, page-36

  1. 3,284 Posts.
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    Thank you for your detailed and considered reply. You are correct about the monthly spend, so it's likely to see a CR at a much higher price in the next quarter. I suspect this is more likely to be targeted towards Institutions, and not NST (potential TO offer) or Sophisticated Investors.

    Assuming NST would be interested in a TO, I suspect this would more likely be next year IMO after the resource is better defined and the SP better reflects the true value.

    I remain very excited about the expected upcoming drilling results from the Branches and Solomon, and significantly extending the length of the resource.

    Having watched the RIU conference video again, I note and highlight that the area from the Paint Prospect to the The Gap are on granted MLs. This means that any resource found can be mined as soon as 3 to 6 months. Therefore, the value of a granted M is particularly significant over other tenement.

    https://hotcopper.com.au/data/attachments/4334/4334891-69af00dc15c9f63ddae4356e3f801671.jpg

    Based on my research and IMO, I believe the SP will be above 40 again soon. Wish I made $1M cash so I could buy NXM myself.

    I would also like to thank other posters for adding real value on this HC thread. Best wishes to all.


 
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7.9¢
Change
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Mkt cap ! $47.69M
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