Not sure if you're taking the mickey?(1) NXM have a defined...

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).