Looks like they held about 12% at the last annual report.
I have been doing some calculations...
NXM currently at around EV of $57 per ounce in-ground.
This is within cooey of other WA explorers with a resource (NXM is on the low side, and has more cash than others).
It will be interesting to see what NXM can do with its resource, as if it increases you can expect instant gratification in that respect.
Resource definition is part of the upcoming planned work.
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