I have also been doing a lot of my own research lately. In my opinion, a market cap of $38m for what we have is still laughably low. I feel very comfortable holding onto my shares for 12-24 months until hopefully full value is realised, which I think could be in the vicinity of $200m if all goes well at our other prospects. With around 5 bags upside and very little downside risk for our low market cap, I think NXM is one of the most comfortable investments I have owned in a while.
- extraordinary AUD gold price (expected to increase)
- amazing location
- solid (conservative) management
- gold in vogue (relatively easy funding)
- JV with SAR
- cash in the bank
- GIB option
- potential cash flow next quarter to fund further exploration
- low number of shares on offer / tight share register
What’s not to like about NXM?
I have also been doing a lot of my own research lately. In my...
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