A Royalty Agreement would make the Lassonde Curve irrelevant. That’s what I have my Fingers Crossed for. Andy’s Reputation in the Industry and his Relationships with Managers from other Larger Companies in the Region gives me Hope / makes it Possible.
NXM would then be in a position to generate cash / profits quickly which would pay for ongoing costs / exploration. With Zero Debt I might Add!
The Market would View this Very Positively IMO.
Once Grades / The Size & Quality of the Deposit are Proven the Larger Partner (NXM?) will make its move and Takeover NXM. My view has always been that NXM will never mind a single Gram / Oz of Gold.
NXM the next multi bagger, page-2391
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Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $15.95M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.2¢ | 4.1¢ | $9.518K | 227.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 289820 | 1 |
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| Last trade - 15.12pm 16/07/2024 (20 minute delay) ? |
| NXM (ASX) Chart |