The stock price will likely encounter some short term pain as...

The stock price will likely encounter some short term pain as shareholders holding for the expectation of near term production from Pinnacles are now left disappointed.

I first flagged the need for Nexus Management to change their strategy and focus on Crusader and Templar on the 20th November last year (see post at the bottom of this post for reference). I highly doubt they’ve listened to my post but it’s great to see that they are acting exactly as I wanted them to. This gives me great confidence as a shareholder and a Geologist, seeing what has happened to companies like Nexus previously, when they go down the road of being emotionally invested in a small resource like Pinnacles. Emotional companies miss the upside and fail to optimise a project as a whole.

Saracen’s Carosue Dam operation isn’t successful because of one deposit. It’s successful because of a range of satellite deposits that all contribute to the production mill feed. This will be similar for Nexus at Wallbrook so well done to Nexus Management for making the tough call to not progress the PFS at Pinnacles and aggressively drill out Crusdar and Templar (i.e. 12km of RC drilling and 2.4km of diamond drilling spread equally across the two projects).