The issue now is Credibility IMOThe Market has reacted...

The issue now is Credibility IMO
The Market has reacted accordingly.
The Best Scenario I can see moving forward for NXM
is a Royalty agreement with NST. 4%?
NXM could generate cash flow to carry out further exploration in the region to build the resource.
This would negate further Dilution / The need
for a Capital Raise.
NXM would Generate $120 an ounce at todays
Gold Prices. NST would carry the Majority of the expenditure.
15,000oz Produced per Quarter would generate
1.8 Million Revenue with minimal cost.
(7.2 Million per annum)
A Junior Explorer generating Revenue / Profits
would be viewed Very Positively by the market IMO
This would go a long way towards NXM getting
their Credibility Back & Regaining the Trust of
Investors / The Market.