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4.6¢ nexus minerals limited

Ann: RIU Explorers Conference Presentation, page-18

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swingingpig

282 Posts.

157

18/02/23

11:01

Post #: 66324157
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Originally posted by Cha Cha Charlie: ↑

The Chartist’s reckon $1780 is the new bottom for Gold if $1850 doesn’t hold. The Good News is we are then on our way to $2,080 later in the Year. Let’s Hope the Timing Works well for NXM. I expect the MRE to be conservative. Closer to 500,000 oz than 1M
Remember it’s a Maiden Resource. When the resource grows quickly as positive Drilling results continue to come in NXM share price will spike and a Bigger Player should show their hand IMO. In 9 - 12 Months?
I think a Royalty Agreement and / or Larger JV in the near future would be ideal until then to generate cash flow to Fund ongoing exploration / expenses.

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You may be very well correct re MRE numbers
BUT if the numbers do come in at 500,000 oz then NXM is worth no more than the current 18c to 20c per share and I fear that the market will not be happy and we could see a sell off.
Long term something will hopefully happen with NXM which will give us SH's a decent return for our patience.
I see a buyout of sorts finally happening and a price of between 30c and 50c before the end of 2023
IMHO only of course

NXM Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $22.37M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.5¢	$11.44K	252.0K

Buyers (Bids)

No.	Vol.	Price($)
1	147966	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	174166	1

View Market Depth

No.	Vol.	Price($)
1	147966	0.041
5	975033	0.040
1	200000	0.039
3	850000	0.038
1	280000	0.036

Price($)	Vol.	No.
0.046	774166	2
0.047	17250	1
0.049	101010	1
0.050	50000	1
0.051	217810	2

Last trade - 16.10pm 16/09/2024 (20 minute delay)

NXM (ASX) Chart