Good post there con!! Stay positive and don't sell, only 193...

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Bigmarn

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11/10/20

17:46

Post #: 48008530
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Originally posted by ByCon: ↑

Albeit a far smaller resource for production in comparison to NXM in the near term.
Although I'm thinking that CNB will sell their open pit resource rather than mine it, to focus purely on the Tick hill extension and Strelley.

I have a target of at least $1 to $1.50 (market cap of $200-300mill).
If we averaged Pinnacles and Crusader down to 75,000 ounces each to give us a nice easy figure of 150,000 ounces. Add a Conservative gold price of $2500AUD.... Then from smulvs comparison with the HAW resource costs etc let's say we have $1000 profit per ounce
Thats gives us 150,000 ounces X $1000 = $150million worth of profit sitting in the ground already at shallow depths.
Then add in depth extensions to both resources, and possibly proving up resources at Templar, Branches and/or Golden Dyke in the near term. And that's only the start.
How much gold do we prove up before the big boys want to take over?
All just my thoughts and opinions though.

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Good post there con!! Stay positive and don't sell, only 193 million shares, go for it Nexus!

NXM Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.000(0.00%)		Mkt cap ! $43.47M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.1¢	$1.575K	22.13K

Buyers (Bids)

No.	Vol.	Price($)
3	104590	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	16000	1

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No.	Vol.	Price($)
3	104590	0.072
2	101057	0.071
3	116000	0.070
1	40000	0.067
3	330800	0.065

Price($)	Vol.	No.
0.075	16000	1
0.076	90000	1
0.079	54603	1
0.080	70000	2
0.084	20386	2

Last trade - 11.11am 26/06/2025 (20 minute delay)

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Good post there con!! Stay positive and don't sell, only 193...

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