It would be disappointing for less than 100m in my view however i would rather the company monetize it then have it sit on the books waiting for the hail mary offer.
nst cost of production is going up and the mill is not running at full capacity so the deal makes complete sense. I do believe Andy has made the decision to stop excessive drilling at crusader templar as there is sufficient ounces for acquistion and any more $ spent in the ground might not see too much more in an offer. Clearly the area is a well endowed gold system with multiple other targets that seem like cheaper ways of adding ounces to the story rather deeper drilling.More than enough sniffs at the other prospects for NXM to offload the most advanced project and use proceeds to drill the other corridors.More upside in this strategy than cruasade templer
It would be disappointing for less than 100m in my view however...
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Last
7.2¢ |
Change
-0.001(1.37%) |
Mkt cap ! $28.40M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.3¢ | 7.2¢ | $6.981K | 96.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.3¢ | 8223 | 1 |
View Market Depth
| Last trade - 12.34pm 08/05/2024 (20 minute delay) ? |
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Last
7.3¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 7.3¢ | 7.3¢ | 7.3¢ | 927 | ||
| Last updated 10.47am 08/05/2024 ? | |||||
| NXM (ASX) Chart |