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3.7¢ nexus minerals limited

Yes $87oz on current resource held by Nxm combining both MRE’s....

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Dan351

150 Posts.

23

05/05/23

07:24

Post #: 67617370
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Originally posted by Fredwah: ↑

Yes. Stop your emotional posting, breathe, and research the company you are invested in.

Wallbrook is the tenement.
It consists of several targets.
Crusader was the first MRE within the tenement - 85koz @ 1.22 g/t at 0.5/1 g/t cutoff OP/UG.
Templar was the next target along strike, which looks like it links up with Crusader.
The latest MRE is for Crusader-Templar. Effectively two seperate pits along the one strike - a combined 175koz @ 2.1 g/t at 1 g/t cutoff OP.

Note cutoffs are different for the MREs therefore you cannot make any direct comparisons without a lot more insider info.

Look at the maps of both MREs. You should clearly see that the first Crusader MRE overlays the southern portion of the current one. Pay attention to the Northings and Eastings on the map.

If the latest MRE was for Templar only, then you could add the two MREs together to get NXMs total resources. Instead you should add the shelved Pinnacles MRE (a different tenement) to the last Crusader-Templar MRE to get NXMs current resource total for any MC valuations that you are trying to do.

It would probably help if NXM put their own MREs at the end of presentations instead of some other company they've been hoping to repilcate for the past 10 years.

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Yes $87oz on current resource held by Nxm combining both MRE’s. My mistake putting 85koz instead of 78koz in my assessment. I thought it was being said one MRE for the total holding including pinnacles which yes made me emotional. Haha still learning, haven’t been able to take emotion out yet, first investment.

NXM Price at posting: 8.7¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Yes $87oz on current resource held by Nxm combining both MRE’s....

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