The company provides an interesting valuation as it holds $4 million in cash and has a market cap of $7 million, which provides an enterprise value of just $3 million.
Nexus is focused on gold exploration in Western Australia’s Eastern Goldfields and has upcoming news flow based on its biggest quarter of drilling to date.
This is following up promising results from a 4,000-metre aircore drill program earlier this year, which included 12 metres at 3.27 g/t gold from 100 metres.
At the Wallbrook Gold Project, which was recently acquired from Saracen, a 4,000-metre RC drill program is advancing with first results expected in August.
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Or call John Phillips on (02) 9280 0700
The Proactive CEO Sessions will feature five presenting companies in total.