I've been out of NXM since the much hyped but very disappointing...

I've been out of NXM since the much hyped but very disappointing maiden MRE (175k) for Crusader/Templar (Wallbrook) was released in April last year.
But green shoots are reappearing in the PM junior explorer space and NXM's current state and near term roadmap is looking brighter (thanks mainly to ATH gold price of course):

• Reassessment of existing MREs based on updated gold price (makes sense)
• Recent cash in the door to keep their projects progressing for another 9-12months (reduced risk of near term dilution)
• Their deposits haven't moved location (eg; they are still close to existing operating Mines (NST) so have a pathway to monetisation

I recall their initial 175k MRE did have a higher than usual Cut-off grade applied at the time (1g/t instead of 0.5g/t) then they lowered that cut-off grade to 0.4g/t and got the MRE up to 304k. While the increase in MRE mainly came down to some number fudging at the time, now with gold at ATHs that lower cut off grade isn't as much of a stretch and lower grade deposits (like this one) are becoming economical.

Anyway I'm back.... but I'm looking for a good time not a long time