The Sale of the Millrose Project to NST for $61 Million hasn’t...

The Sale of the Millrose Project to NST for $61 Million hasn’t exactly been Company changing for Strickland Metals. Its Share Price Down 12.77% today. Lower than before the Announcement @ $0.041 With a Market Cap $58.66 Million. This is Less than the Sale Price of the Project. Sure they will now have plenty of Cash on Hand which means Potential.
NXM’s MRE of 175,000 oz is just under of the Millrose Project. In Time NXM is Highly Likely to Increase this Resource. NXM’s Biggest Problem now is Credibility IMO. The Worst Case Scenario when trying to Lure Sophisticated Investors / Raise Further Funds.
Cash on Hand at the End of this Quarter?
Less than $4 Million? Much More is Needed to Substantially Increase the Resource to something that would interest NST.
Major Dilution / Next Capital Raise Price?
Sadly NXM’s Share Price still hasn’t found a Bottom.