NXM nexus minerals limited
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Say a generous $100/ounce resource value, current valuation...

  1. RobThomas
    2,945 Posts.
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    22/12/21
    00:17
    Post #: 58449635
    Say a generous $100/ounce resource value, current valuation needs supporting by a 1MOz measured + indicated resource.

    Current 80koz = $8 million MC

    They needs to 12x current resource to get IGV = MC

    Happy hunting. I'd go for $50/ounce in ground value but that makes the valuation gap bigger and I don't want to scare anyone.
    NXM Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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