The scoping study presumes 28 months of production.
$85.72m operating profit per year pro rata.
We know NXM has more at Crusader-Templar and is well underway in making more resources within its tenements and there is more at depth within the existing resource. And Pinnacles too.
The average price to Free Cash Flow of ASX producers right now it 4.9x with a range from 1.2 to 11.8 (references: AGD RSG VAU ALK PRU SBM RRL BCN WGX BGL KCN CYL RMS WAF NST EVN NEM EMR TBR GOR GMD RND CMM OBM ADT A1M AWJ CLZ FML KAU PNR SVG)
Presuming NXM can continue to develop and produce once it starts, does that give us a target mcap of $85m-$420m?
The scoping study presumes 28 months of production.$85.72m...
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8.2¢ |
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Mkt cap ! $49.50M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 20386 | 2 |
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| Last trade - 07.03am 17/06/2025 (20 minute delay) ? |
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