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4.0¢ nexus minerals limited

I don't believe a prudent approach is to use a price well above...

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RoyE

1,821 Posts.

989

02/05/24

09:26

Post #: 73622611
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Originally posted by robbo24: ↑

High XAUAUD was $3795 - so it's $200 above record high AUD gold price

You may need to take a bit of time to look at the reasonable prospect of eventual economic extraction test.

SRK discusses on its website the tea-leaf reading required by a competent person to determine the metrics of 'eventual': "In defining eventual, the CP might ask: what will the resource price be 30 years from now? Will there be sufficient electrical power to grow the minerals industry? How will power be generated? The CP has to wrestle with such questions, even at this early stage. https://www.srk.com/en/publications/reasonable-prospects-for-eventual-economic-extraction-rpeee

With the bullish prospects for gold the competent person presumably thought it's a perfectly good price point for when the gold may be pulled from the ground - if you think differently why don't you write an indignant letter to the competent person Paul Blackney from Snowden Optiro https://snowdenoptiro.com/

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I don't believe a prudent approach is to use a price well above the all-time high .

NXM Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $15.56M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.0¢	$6.076K	150.0K

Buyers (Bids)

No.	Vol.	Price($)
2	280000	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	99975	1

View Market Depth

No.	Vol.	Price($)
2	280000	0.039
2	1012941	0.038
2	1256808	0.037
2	1000000	0.036
3	528000	0.035

Price($)	Vol.	No.
0.040	99975	1
0.041	300000	1
0.042	240000	1
0.043	50000	1
0.044	50000	1

Last trade - 12.53pm 19/06/2024 (20 minute delay)

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