In 2018 JORC estimated 300,000 ounces before NXM did any meaningful drilling. This puts the SP floor at about 26c. But that is from back in 2018...
Now they have a huge amount of drill results. When is the next JORC evaluation?
I have a feeling there will be over 1 mil once they re-evaulate. It's only up from here...
1 mil = 50c SP
1.5mil = 75c SP
2 mil = $1 SP
This is all just basic maths and estimation based on the RMS / Apollo events. DYOR obviously, and please correct me if I'm wrong.
I'm going to hold this old girl until dollars and beyond.
NXM the next multi bagger, page-2304
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