NXM the next multi bagger, page-1651

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perdant

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08/10/21

18:18

Post #: 56669919
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Originally posted by Rizky_cman: ↑

Not beating around the bush but NXM is RELATIVELY way overvalued for the published results and size of its deposits. The good news is we will never need to raise $400m to build a standard WA Gold mine, camp and processing facility as the plan was to always use SAR's in someway. Earlier investors know this and remember Andy positively discussing about using some of there experts and previous data for our technical geological research.

The issue for an irrational market is trying to decide a fair price without the standard metallurgical and JORC research. I for one am glad the company is focusing on drilling. I have complete faith that the management team are prioritising the companys finance not to look relatively 'fair valued'. Rather to ensure that when the time comes this stock will be bought out for it's true value or will be extremely profitable through an ore sale purchase agreement of which would deserve a MC of $200-400m. Till then however, the market will perceive us as relatively over-valued.

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I'm out of "great analysis" ticks for today but will address this tomorrow.
Thanks for reminding me of the ore sale agreement and i completely agree re the ramping up of drilling, now is precisely the right time.
Have a great weekend all.
Perdy

NXM Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.4¢		Change -0.005(6.33%)		Mkt cap ! $44.67M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.1¢	$81.49K	1.098M

Buyers (Bids)

No.	Vol.	Price($)
3	939500	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	94500	2

View Market Depth

No.	Vol.	Price($)
3	939500	0.074
1	85634	0.072
2	127571	0.071
1	40000	0.066
2	230800	0.065

Price($)	Vol.	No.
0.077	94500	2
0.079	54603	1
0.080	822820	4
0.084	20386	2
0.085	18418	2

Last trade - 15.24pm 23/06/2025 (20 minute delay)

NXM (ASX) Chart

NXM the next multi bagger, page-1651

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