Well let's not forget the 'visible gold' debacle for NXM but in...

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robbo24

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21/02/24

14:28

Post #: 72516532
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Originally posted by nofiller: ↑

Haha not arguing with you on those points. Monetisation of Wallbrook and further exploration over east is where the significant gains will come from. As you say, all for more drilling at Wallbrook, but definitely when the market appreciates gold a little more and/or NXM has a better cash balance.

I am also always about practical and reasonable cash spend (which, drilling a single hole rather than three definitely does). However, when it is essentially being put forward to the market, and by investors / potential investors as a stella drilling result, it is more than a little misleading and disingenuous. The title of the announcement is legitimately "34m @ 7.9g/t Au Intersected at Cork Tree Well", and the 'key points' highlighted at the top do not identify or exlpain anything to the contrary.

I would be very frustrated if Andy / NXM did something like that (and I dont consider they have to date), and I would probably be on the phone to him shortly afterwards.

Make of that what you will, but that BTR announcement including the title, contents and delivery doesn't sit very well with me, that's all.

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Well let's not forget the 'visible gold' debacle for NXM but in any event the gold is there for sure - when the market stops hating gold/precious metals generally then we'll be sweet.

NXM Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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