I'm hoping the MRE is closer to the calculations below.

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Fredwah

680 Posts.

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06/01/23

12:59

Post #: 65562022
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Originally posted by Shirazy: ↑

Great post.

If I could just add one point that there are very few deposits that sit around 1m ounces on a mining lease within 25km from a mill. Each day the gold prices edges towards $2000 the directors of NST will be wondering how they can increase capacity quickly without major capex. NXM ticks all the boxes ( my estimate is a mre of around 800koz but room to grow).

Size is obviously crucial but proximity and mining lease will give NXM a premium to the rest of the deals been done at equivalent gold resources.

Like many I was a bit disheartened with last year, decent results was met with continued selling pressure. Part of me believes Andy missed a trick by raising capital so late, the market knew they were come raise and we are where we are because of the discounted cap raie imo. But things do turn on a dime and like we have seen in lithium stocks , once the commodity becomes flavour of the month/year stocks in the sector are met with relentless buying. Lets hope 2023 is the year for gold !!!

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I'm hoping the MRE is closer to the calculations below.

NXM Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

1 Great analysis

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(20min delay)
Last 7.6¢		Change -0.001(1.30%)		Mkt cap ! $45.88M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.6¢	$12.30K	161.6K

Buyers (Bids)

No.	Vol.	Price($)
2	537869	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	13112	4

View Market Depth

No.	Vol.	Price($)
2	537869	0.076
1	200000	0.075
1	185000	0.071
1	40000	0.068
1	30800	0.065

Price($)	Vol.	No.
0.078	13112	4
0.080	580113	3
0.084	20386	2
0.085	18418	2
0.086	12000	1

Last trade - 11.44am 20/06/2025 (20 minute delay)

NXM (ASX) Chart

I'm hoping the MRE is closer to the calculations below.

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I'm hoping the MRE is closer to the calculations below.

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