I think there is more than meets the eye here in terms of current activity. A lot may have forgot or not be aware of Pinnacles, actually 4g+/t @alexz and that they completed a mine study here back in 2016. These days the PoG would be a lot more supportive than then and it would be a fairly simple exercise to update. I believe management are on to this.. So, dig up some dirt from Pinnacles, sell it to SAR and use the cashflow to fund drilling for resource definition/expansion at Wallbrook, dig up a bit more dirt here and sell some more ore to SAR. Wallbrook is looking like a handy resource, possibly 150-250k oz all up not including anything at depth. We have toll agreements for any ore from both projects with SAR, this certainly could become a little cash cow if management can line things up over the next 3-6 months. Execution obviously key but they have the experience to deliver, IMO As @alexz says there is a large disparity between us and some peers and we have a big opportunity here to close that gap if the market wakes up to this
NXM Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
and that they completed a mine study here back in 2016. These days the PoG would be a lot more supportive than then and it would be a fairly simple exercise to update. I believe management are on to this..
