Nexus Gold Corp (NXSGD)

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Nexus low for the year was $0.06 which was just before they started work on the Burkina Faso project. Based on the trajectory of the share price and the absence of news, the price will have decayed back to that sometime this fall.

In some ways it is almost like none of this happened. However, there was one material change which they can't reverse - they dropped their 'flagship' project in Nevada. In my opinion, the Walker Ridge project had a better chance of long-term success than these orogenic shear zones in west Africa. There are dozens of similar projects in Ghana, Liberia and Burkino Faso but only a few percent of them are economic.

I'd still consider investing in Nexus but they would first have to offer some guidance on what they see as their plan for moving forward. These guys remind me of boxers who walk into a ring with a plan for how they are going to win the fight only to have the plan go out the window the first time they get hit. In mineral exploration as with boxing it is GUARANTEED that you are going to get hit so that is what you need to plan for.