Australia's largest stock trading and investment forum Australia's #1 stock forum

NXM

Click for more information

0.00%

7.3¢ nexus minerals limited

The head grade of the resource is not going to be 7g/t. Anything...

First 2737 Last

Share
Profile

Follow
Shirazy

106 Posts.

41

29/03/23

07:57

Post #: 67011115
Share

Originally posted by m0ngy: ↑

Yes 500,000 oz Au indicated would be a very good outcome but don't forget grade.
I'm not going to speculate on the grade because I have no track record of getting it right from drill results.
But is is very important. Trucking and toll milling is only worthwhile if the grade is high, 7g/t + ?
Grade is a key input to the metrics of the mining operation and has a strong influence on fee cash flow.
A large high grade resource is very attractive as a TO proposition.
It will be interesting to see the indicated gold ozs and to a lesser extent the inferred and gold grade.

Expand

The head grade of the resource is not going to be 7g/t. Anything over 2g/t would be a fanatastic result.

A 40km trucking is not that long, NST already doing that for open pit at pophory.

NXM Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 545 more messages in this thread...

First 2737 Last

Add NXM (ASX) to my watchlist

(20min delay)
Last 7.3¢		Change 0.000(0.00%)		Mkt cap ! $28.40M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	6850	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	6850	0.073
1	90000	0.072
1	10000	0.071
1	140000	0.070
1	15000	0.066

Price($)	Vol.	No.
0.074	50000	1
0.075	18452	1
0.077	5845	1
0.078	64102	1
0.080	130000	1

Last trade - 10.17am 08/05/2024 (20 minute delay)

NXM (ASX) Chart

Day chart unavailable

SPONSORED BY