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2.50%

3.9¢ nexus minerals limited

NXM provided the gold price, just like all the other numbers...

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Fredwah

635 Posts.

466

02/05/24

09:43

Post #: 73623147
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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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NXM provided the gold price, just like all the other numbers used.

NXM Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $15.17M

Open	High	Low	Value	Volume
4.1¢	4.1¢	3.9¢	$24.79K	630.0K

Buyers (Bids)

No.	Vol.	Price($)
2	1012941	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	3300	1

View Market Depth

No.	Vol.	Price($)
2	1012941	0.038
2	1256808	0.037
2	1000000	0.036
3	528000	0.035
2	429411	0.034

Price($)	Vol.	No.
0.039	3300	1
0.040	99975	1
0.041	316000	2
0.042	240000	1
0.043	50000	1

Last trade - 15.40pm 19/06/2024 (20 minute delay)

NXM (ASX) Chart

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