NXM the next multi bagger, page-2486

These are some figures to consider regarding a potential MRE for templar-crusader.

The area is 1,600m long, 300m wide and probably exceeding 200m deep (assume 200m which excludes deeper drilling ie conservative). That is 96m cubic qm (but not all is mineralised).

If the rock density is 2.5 to 3.5 then there is potentially a maximum tonnage of between 240mt and 335mt.

At 1g/t then max resource potential is about 8.5m oz to 11.8m oz. I expect the grade to be between 1 and 2g/t (maybe less than 1.5g/t) based on the drill results (the initial resource was 1.22g/t).

However, the total area is not mineralised.

If it is only 10% mineralised the resource is between 0.85m oz and 1.18m oz at 1g/t. 20% is double that level and figures proportionally increased if grade is higher than 1g/t.

One can provide estimates at various grades and how much of the area is mineralised.

I do not have any idea how much of templar-crusader is mineralised.

I looked at the initial MRE and it was for 600m by what seems 100m deep and much narrower than 300m (maybe less than 100m) - ie was a much smaller area.

Please point out errors in my calculations.