I go by the belief that "Oils ain't Oils" when comparing...

I go by the belief that "Oils ain't Oils" when comparing performance of a company that is in the 'gold' industry.

Much better exposure/alignment to the movements in gold price will come from your PM stocks that are 'producers' or very near term 'developers'. NXM is still just an 'explorer'..... there isn't even a JORC resource for Wallbrook yet.... so in these very early days it won't be as closely aligned (as other goldies) to the movements in gold.... as the resource continues to mature (towards production) it will come.

So today the larger ASX 'producers' are leading the move (in no particular order)..... NST, EVN, NCM, SLR, WAF, RMS, PRU, WGX, GOR.... (many others) etc

In time (not just days) the mkts money will filter down through the wider range of goldies... into the more speculative ones.... even the down right dogs will get some attention.