The 175,000 ounces will not be mined. What would the Reserve (portion that can be mined) be? Say 120,000 oz Au AISC probably found 2,000 oz Au Margin perhaps $1K oz Cash flow LOM $120m The Capex needed would be at least $100m Who would lend the $100m? Mining the known deposit is not commercially viable and high risk for a lender,
NXM Price at posting:
10.8¢ Sentiment: Sell Disclosure: Not Held
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