Ann: Metallurgical Test Work Results - Telimele I, page-7

re: Ann: Metallurgical Test Work Results - Te... Looking very good i.m.o.

I think Nemex is quite serious about trying to get to defvelopment and production soon. They certainly haven't wasted any time so far. Have a look at this quote from their website:

"Nemex’s goal is to identify DSO for commercial exploitation in West Africa and to fast-track these projects into a development phase".

I think at a market cap of 2.5 million, it is massively undervalued now, and if the scoping study indicates that a 1 or 2 Mtpa operation could be run at a profit, it would be cheap at ten times the current MC.

I would expect a capital raising in the not too distant future, especially if the scoping study looks good. But hopefully the price will be a fair bit higher then, and I could imagine some investors with deep pockets would be keen to get a part of this.