Thank you for the great reply. Also, I think an ore mill costs...

First 11 Last

Share
Profile

Follow
Jono4

40 Posts.

4

04/06/24

11:09

Post #: 74152284
Share

Originally posted by nofiller: ↑

Not sure if you're taking the mickey?

(1) NXM have a defined resource of 304k ounces; this Scoping Study is only looking at 26% of that.
(2) the 304k ounces is only a portion of the exploration target at crusader / templar.
(3) Branches & Solomon should comfortably equal the same again.
(4) there are existing regional areas already discovered, and more are about to be drilled / explored.
(5) this is only a small portion of the entire Wallbrook tenement.

They even had this line in bold "The Production Target generates an undiscounted accumulated cash surplus of $67M". so at the current gold price, the 304k ounces are about $250m. Just one small portion.

Pre-mining capital and start-up costs are estimated to be approximately $2.2M to $3.3M. NXM currntly has this in the bank.

They have also factored in a 150km trucking radius, and included a cute little map. So many bloody mills that will happily take the ore.

Further, the existing metrics don't yet take into account possible heap leaching of a significant amount of materail.

Maybe you don't think this shoots the lights out, but from my review, it is definitely positive. Happy, and excited to see what else progresses, such as further progression of the minining operations, and of the DD and AC results. Hopefully we are in for some steady newsflow over the next 6 months.

I'm going to assume that you're not a complete moron, and that you're not down ramping. I'll assume that you've just read it very quickly. Maybe have a re-read and come back with some constructive thoughts (even if negative).

Expand

Thank you for the great reply.

Also, I *think* an ore mill costs around the 20million mark, and about 3-5 years to build... This could be something that is explored once there is money in the bank too...

NXM Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

First 11 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 8.2¢		Change 0.000(0.00%)		Mkt cap ! $49.50M

Open	High	Low	Value	Volume
8.2¢	8.2¢	8.2¢	$658	8.025K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	8.1¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	91975	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.081
4	45000	0.080
1	47562	0.077
2	56000	0.076
1	50000	0.075

Price($)	Vol.	No.
0.082	91975	1
0.084	20386	2
0.085	18418	2
0.086	12000	1
0.087	12000	1

Last trade - 13.06pm 17/06/2025 (20 minute delay)

NXM (ASX) Chart

Thank you for the great reply. Also, I think an ore mill costs...

Recce locks in $30M to boost commercialisation across ASEAN region

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Many are concerned about global falling birthrates. This diverse stock has solutions

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thank you for the great reply. Also, I *think* an ore mill costs...

Top Stories

Recce locks in $30M to boost commercialisation across ASEAN region

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Many are concerned about global falling birthrates. This diverse stock has solutions

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thank you for the great reply. Also, I think an ore mill costs...