NXM nexus minerals limited

Using current $4088 poz gold priceNXM $29m mc and 382koz = $76...

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    Using current $4088 poz gold price

    NXM $29m mc and 382koz = $76 poz $1.5b
    RXL $78m mc and 2.3moz = $34 poz $9.4b
    MTC $25m mc and 2.7moz = $9 poz $11b
    BMG $6m mc and 518koz = $11.5poz $2.1b
    MTC $29m mc and 936koz = $31 poz $3.8b
    and our neighbour
    OZM $6m mc and 260koz = $23 poz $1b

    There's plenty out there that are currently well undervalued imo, especially with gold over $4000.

    Crusader's 304 koz are worth more poz due to being within a pit shell and profitable to extract, plus location.

    I used the other companies above as comparison because I either hold or have held. The quality of management also seems to be a factor in the valuations along with metallurgy, location etc amongst other reasons for differing valuations. Cheapest ounces are not always better value imo.
    Last edited by red-frog: 22/10/24
 
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