The simple answer is - when it's cheap.
MC = 25M
Cash = ~5M (drill programs underway)
EV = ~ 20M for three stranded assets being Pinnacles, Crusader and Templar, plus some dirt at Bethanga and the "Mega Peg" that has nothing significant yet.
Macro = PoG under pressure from more US interest rate rises, US debt deal easing fear.
Potential = The "Mega Peg" that needs a whole lot of funds or at least some lucky early positve drill hits to support the current SP.
Add in the EOFY with significant LHS chart selling pressure leads me to suspect that there is still a lot of downward momentum.
Is NXM cheap now, I don't think so. That's not to say it doesn't have potential, but risk vs reward is the end game combined with a little bit of patience and timing.
The simple answer is - when it's cheap.MC = 25MCash = ~5M (drill...
Add to My Watchlist
What is My Watchlist?
