NXM nexus minerals limited
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Not a great deal of risk though $200k being spent on drilling...

  1. vontrader
    23,919 Posts.
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    24/02/16
    20:52
    Post #: 17108125
    Not a great deal of risk though

    $200k being spent on drilling ($100k paid for by WA government) - 1,000m pencilled in

    If they strike and increase the resource, it is a massive return for little outlay

    If they miss, they still have $5-6M in the kitty and can walk from the JV

    I suspect we may get news of a 2nd project soon also, hence the presentations to spur up interest
    NXM Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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