Hi StudentNXM’s current Market Capitalisation suggests the MRE...

Hi Student
NXM’s current Market Capitalisation suggests
the MRE will be approx. 500,000 Indicated oz?
I wouldn’t hold my breath waiting for the answer.
NXM has a History of Important information being announced months after the due date.
It is important to always remember the difference between an Inferred & indicated resource.
Inferred is largely Blue Sky.
How quickly that Indicated Resource Grows will get
the attention of the Market again & usually the Bigger Players in the region.
A Capital Raise in the near future appears
necessary to achieve this IMO.
I would much rather an updated JV Agreement or Royalty Deal with the approved Mining Licences the key.
I originally invested in NXM / and still believe
NXM will never produce an oz of Gold.
Nearologly to SAR, Promising Tenements and
approved mining licenses are what initially got me interested. I had hoped NXM would be generating cash years ago due to their original JV agreement with SAR