NXM nexus minerals limited
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RMS in all scrip for BRB. Breaker has been mentioned quite...

  1. R21
    1,419 Posts.
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    20/03/23
    14:55
    Post #: 66860562
    RMS in all scrip for BRB.
    Breaker has been mentioned quite regularly as an NXM yardstick being both in the Eastern GF (south of Carosue Dam) and have delivered an MRE.

    Disclaimer - I haven't followed BRB closely at all but it looks dirt cheap and opportunistic.

    Implied offer EV: 53.4m (130m offer - 77m cash)
    1.7m oz mineral resource or approx $32 per undeveloped ounce.


    There stands to be a lot of disappointed NXMers (myself included!) if the going rate in Eastern Goldfields is $32 per undeveloped ounce....
    NXM Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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