NXM the next multi bagger, page-2337

Very back of the paper, and very preliminary but assuming just for MC1 5km, 200m width and 200m depth, at a grad of 1g/t (not unrealistic here given the grades) then

5,000 x 200 x 200 x 1 = 200,000,000 grams

divide this by 32 (for somplicity, as a troy ounce is 31.1)

6.250m ounces...just from MC1.

I'm not saying this is a given by any means, but that is the sort of figure that you would have to start thinking about. In addition to this, Andy and the team are now looking at 4 corridors, and they're still trying to locate serious grades/widths at depth for underground mining.

Add in to that NXM is on mining tenements and as Andy said at the RIU conference in Sydney "3-6 months to get up and running". Again, I'm not suggesting mining is imminent, but it may not be as far off as first thought.

Very solid risk/reward play in my eyes, worst case is probably that it might just take longer to reach its full potential than we might like