Accepting a takeover bid of under 40c is not on the cards. If...

Accepting a takeover bid of under 40c is not on the cards. If the MRE comes in at 500k Oz I think that would be extremely conservative. The way NXM has set themselves up with future works doesn’t look like a takeover bid is even near with Andy chasing the right rocks in the next 3-4 corridors. It would have to north of 60c for Andy and the team to even consider. The takeover conspiracy has been going on for a long time. Start mining what we have and get some cash in the bank to fund the next drilling campaigns and prove up this monster and then in 9-12 months time when gold cracks the $2080 mark as forecast and I to believe, we start thinking about possible takeovers and the sale of NXM for the $1+ scenario.
haha pie in the sky? Maybe. I’m still happy to hold and wait from what I have seen to date.
All my opinion, DYOR