Ann: Crusader-Templar Delivers Again With Hi-Grade Intersections, page-24

A few things:
- AT talks about next big program in October, fantastic. But there's only ~6m in the bank.
- So it's logical that NXM will likely raise capital at some point between now and October. That's perhaps the only certainty in the next 3 months.
- Last cap raise at 0.46 in Nov-21, it'd be a tough bookbuild at approx half last year's price

Will we get a big bang announcement to re-rate or will we raise capital at a lower price with a deeper discount?

Possible catalysts:
- Regional program results (Solomon/Branches/Clement) any mineralisation continuity >1.6km. AT says as early as next week.
- About 13 diamond holes pending, most are 2-300m. But if those holes in the 'link zone' >400m find decent mineralisation it's big bang kind of stuff too