NXM 8.11% 3.4¢ nexus minerals limited

Hartley's initiate coverage, page-14

  1. 840 Posts.
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    All, the only thing, that Nexus needs to wipe the floor and clear vacuous variations is:

    An initial resource estimate.
    My call, that is not likely to happen for a bit; unless it is a goat choker.

    I wrote earlier AT would be holding out, not for a nice initial resource estimate covering just 20% of what is 1600+ metres of strike, still open. But for something about 40%.
    Any early initial resource statement will make them a target - it puts a valuation on just 20% of what the Company holds.
    AT is far far smarter than that - reporting on just 20% of what is starting to look like a very serious resource.
    If a resource estimate was announced for the 20%, the rest would be acquired for chump change. AT is far from a chump.
    Currently goldies are out of favour - very nice for those acquiring. But that situation will go from brakes on to, well a variation of the opposite, as the world economies start to chug. Been there seen that.
 
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