LIBRARY · APR 2026 · $3.25No change in view here. I’m still long, added a little more recently, and would double-down on any market-driven significant weakness. Recent drill results have done nothing to change my view and there’s a resource estimate due this year that I think will show this is a real-deal nickel asset.
LIBRARY · MAR 2026 · $3.40No change in view here. I'm still long and would double-down on any market-driven significant weakness.
LIBRARY · FEB 2026 · $4.77Above I mentioned that Indonesia is cutting back on nickel laterite production/export quotas because of the environmental damage associated with mining those deposits. NEXM is pretty much at multi-year lows and has a very attractive brownfields nickel-sulphide project in Botswana. Recent drilling in the Hinge zone indicates that two deposits that were previously assumed to be separate are actually connected by a large scale structural bend/hinge at depth. This is one of a handful of ways to play nickel in the market, so it's one to know... it's also at a level where basically nobody is making any money on it, which is usually a great entry point when a sector is starting to turn. The company is well financed for now and has scale that could attract the attention of a larger industry partner or specialist investment fund. It's not a huge position, but I do like it at these levels as a bit of a bottom-fish buy.