NXM
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6.98% 4.6¢ nexus minerals limited

NXM the next multi bagger, page-2911

  1. insidemoney
    3,612 Posts.
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    27/06/23
    16:24
    Post #: 68495633
    325m shares on issue $17.225m market cap at 5.3 cents

    $4.87m cash as at 31 May 2023

    EV $12.355m

    175k = $70.60 per ounce - seems somewhat high given the average Ev/resource oz AU for advanced explorers and developers is around $30.

    This suggests to me that nxm is still overvalued.
    NXM Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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Featured News

NEWS Discover how gas production wells are progressing with successful drilling and promising early gas flows
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NEWS New drilling at the Rogozna Project delivers a standout intercept, highlighting significant resource expansion potential
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RDN Preliminary interpretation of Andover South reveals key NE-trending corridor hosting lithium mineralization
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NEWS $140,000 in grant funding has been secured for drilling at Golden Ridge, with preparations underway for two exciting prospects
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NEWS High-grade manganese found at the W2 prospect in Wandanya
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NEWS Uncover the potential at the Storm Project, where exceptional RC drill results reveal 22.9m at 8.5% Cu, indicating significant resource expansion beyond the Cyclone Deposit
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Last
4.6¢ 		Change
0.003(6.98%) 		Mkt cap ! $22.37M
Open High Low Value Volume
4.2¢ 4.6¢ 4.2¢ $60.70K 1.410M

Buyers (Bids)

No. Vol. Price($)
1 272500 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 316226 1
View Market Depth
Last trade - 16.10pm 27/09/2024 (20 minute delay) ?
NXM (ASX) Chart
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