I have looked at other companies with ore sale agreements with...

I have looked at other companies with ore sale agreements with SAR, with equivalent grades, being processed at the same plant.

I can understand why at AU$1650 gold price the NXM management decided to leave Pinnacles alone for the time being.

I can also understand why at AU$2600 gold price the NXM management decided to dust off the project.

The reason is that there is a margin of about $1000 an ounce if you apply the same metrics as the others to NXM's resource.

Sadly, the other crowds sold their surface/pit material at AU$1650 an ounce releasing not that much profit... At AU$2600 an ounce they would've been swimming in it.

NXM is well placed.