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4.35% 2.2¢ nex metals exploration limited

The proceeds from Butterfly will be used for production...

  1. salsa
    492 Posts.
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    11/08/11
    00:32
    Post #: 8806048
    The proceeds from Butterfly will be used for production expansion. Even if Butterfly only makes $400aud a oz(conservative) we are still looking at around $4mil.

    GRAHOD gold price US$1700+ My estimate cost of production at US$800 per oz(realistic)= 7 milion+ profit out of 50000 tone @ 5g per tone.IMO future will be good for NME share holders.
    regards
    Salsa
    NME Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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