NXM
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2.44% 4.2¢ nexus minerals limited

The 175,000 ounces will not be mined.What would the Reserve...

  1. m0ngy
    10,075 Posts.
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    28/04/23
    14:40
    Post #: 67508595
    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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    lightbulb Created with Sketch. 1  Great analysis
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