Ann: Investor Presentation, page-12

NXM may be planning to ipo Bethanga rather than get out of gold at a time when gold is on the up.

There's value to shareholders in receiving pro rata shares in a tech metals spin-out imo. I'd be quite happy if NXM retained the gold assets and monetised the eastern states projects. It's an easy path to raise new cash for exploration and also reward shareholders, allowing AT to focus on the gold until the company knows just how much there is in the ground.

Now seems like a pretty good time to stay in gold rather than selling out, at least to me.