NXM nexus minerals limited

1.64%

6.0¢

Correct the resource is currently 28koz But let's not forget the...

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25/02/16

07:54

Post #: 17109983
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Originally posted by researchandwin ↑

Firstly I think they have about 28k0z resource - I'm sure it will take a lot more to pump it up to a resource worth talking about.

There is no doubt that they are in the right district and in a more bullish market they would undoubtedly be a bargain.

It is the cycle we are in unfortunately. Unless you have an asset that you can sell for substantial upside, then junior exploration Company's will remain closely marked to their Cash backing. Irrespective of what commodity you are exploring for (even gold).

The reality is, unless you can see a clear path to a quick near surface 200-300oz high grade gold deposit, then you will struggle to get any serious traction in this market.

The liquidity even kills it as a speculative trade. Once your money is in, your stuck there and in for the journey.

At the bottom of the GFC I was buying spec exploration stocks for 25-50% of cash backing.

In a different market I believe this would get traction.

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Correct the resource is currently 28koz

But let's not forget the deposit is open in all directions and they have already added high grade tonnage in first drilling

It is next round of drilling that should spark up interest. Also gold in AU terms is trading at $1,700, it's massive margins

NXM Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $36.22M

Open	High	Low	Value	Volume
6.1¢	6.3¢	6.0¢	$161.0K	2.668M

Buyers (Bids)

No.	Vol.	Price($)
1	20000	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	188995	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.059
1	200000	0.056
1	500000	0.054
1	550000	0.052
1	60000	0.050

Price($)	Vol.	No.
0.060	188995	1
0.063	12754	1
0.067	95000	1
0.071	130000	1
0.072	387506	2

Last trade - 16.10pm 25/07/2025 (20 minute delay)

NXM (ASX) Chart

Correct the resource is currently 28koz But let's not forget the...

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Correct the resource is currently 28koz But let's not forget the...

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