record low, time to buy?, page-4

Slightly provocative statement, but I think Nemex is valued fairly at the moment.

There may be large undiscovered gold deposits in Ivory Coast, but whether they are on Nemex's tenements is another question. For now, we haven't even confirmed gold in soil anomalies yet. We're a long way from Bonanza grades, haven't even got drill targets yet. Hopefully, that'll change before the end of this year.

The resource in the ground at Telimele is worth nothing until they can find funds to progress the project. Personally, I am concerned that this still hasn't happened.

Now, this valuation will change dramatically if and when they do find a partner or other funding avenue for Telimele. Then, Nemex would suddenly be worth A LOT MORE in my opinion.

Having said that, I am sure that PT is very aware of the situation and doesn't need a mug like me to tell him that funding needs to be found urgently.