You could possibly throw SLS into the mix for any co-op...

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Paul88

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17/09/24

14:59

Post #: 75710813
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Originally posted by Just4kicks: ↑

Good pick re trucking distance.

The issue with NST is they pay based on tons of dirt and refuse to factor in the current gold price. No one wants to deal with them is what I've heard. They seem to prefer to t/o and run only their own dirt or pay unders if you run dirt through the mill.

As you would've seen OZM are bypassing Carasue and their mining lease is only a 3km downhill haul to their mill.

It just occurred to me, but is it possible that NXM deal with OZM and also bypass NST? we share directors who are decent blokes and would at least treat each other fairly. Obviously depends on HL capacity.

At least the options are growing, right?

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You could possibly throw SLS into the mix for any co-op arrangements with NXM and OZM. The increased clout of a co-op may just about make NST start to feel the fire under their feet. Individually, each is a weak and easy target. Together, its a different story - strength in numbers IMHO.

Last edited by Paul88: 17/09/24

NXM Price at posting: 4.3¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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