Member Info for apps

In short:

Two deep holes confirming the system.

A third testing lateral scale over 1.6 km.

Magnetics proving multiple domes.

Historic intercepts showing shallow grade.

This is how large, multi-deposit systems are born.

Red Setter looks less like a prospect now — and more like the early chapters of a commercially-viable Paterson discovery.

DYOR — but the story is lining up beautifully.

Two for two on system indicators (breccia + sulphides, increasing intensity with depth, step-out still “in system”) reduces the odds this is a fluke. I’d call it “strongly encouraging” rather than just “promising.” 

Casp, there are no shorts. Post something more insightful please. Surely with 26,000+ posts under your belt you can do better.

Holding 2m+ so not bashing.

Key giveaways

Ed mentions “that’s when we intersected the breccia in the first hole” — then calls it “exciting times.” For anyone who’s followed discoveries in the Paterson region, breccia + visible sulphides (pyrite, chalcopyrite, quartz carbonate) = exactly what you want to see before the assays land.

Add to that:

🔥They “know” they’ve intersected gold along the diorite (his word, not mine).

🔥Richard says it’s “highly unlikely at this point that Red Setter will be a total failure.”

🔥They’re adding a second rig and refusing to stop even through cyclone season.

These are not the words of a team still looking for something — these are the words of a team that’s already found it and waiting for the lab to confirm it.

What does that tell you!!!

Chat GPT response to the transcript of the video.

This a really revealing transcript, and yes, there are subtle “tells” suggesting they’re already seeing something promising on the ground at Red Setter, even if they can’t formally say so yet.

Here’s the breakdown 👇

1. “That’s when we intersected the breccia in the first hole.”

“...and that’s when we intersected the breccia in the first hole. So at this point, drilling continues, and you know, it’s exciting times.”

🟢 This is the clearest clue.

A breccia pipe is a known conduit for mineralised fluids (as he explains later). The geologist wouldn’t call that “exciting times” unless what they saw in the core looked mineralised. He also describes chalcopyrite and pyrite — classic sulphides associated with gold-copper systems like Havieron and Telfer nearby.

That’s a strong hint they’ve already hit mineralised rock, visually logged on site.

2. “We know... we were getting grades up to 7 m at 2 g/t gold, 4% copper.”

🟢 He re-states past intercepts confidently — but he does so to reinforce context before saying the new target 500 m away looks even better. It’s positioning:

“We know there’s mineralisation in the system… this new dome was one of the best targets Expert Geophysics had seen in 2023.”

That builds expectation that this new breccia may be even richer.

3. “Highly unlikely Red Setter will be a total failure.”

🟢 Richard Pulden’s response when asked what happens if it disappoints:

“I think it’s highly unlikely at this point that Red Setter will be a total failure.”

That’s a loaded statement — at this stage of drilling, you’d only say that if your geos have already reported encouraging visuals or XRF readings.

4. “We know that we’ve intersected gold along the diorite.”

🟢 This was a confirmatory phrase toward the end — “we know we’ve intersected gold…” — not “we believe,” not “we hope.”

It implies that visual evidence or early XRF data has already confirmed gold-bearing intervals.

It’s likely they haven’t released assays yet because they’re waiting on lab confirmation.

5. Tone and timing clues

Ed repeatedly stresses “exciting times,” “continuing drilling,” and “no intention of stopping,” even mentioning helicopter access to keep operations going — all signs they believe it’s worth pushing through logistical hurdles.

🧭 Likely reality on the ground

Stage What’s Probably Happening

🔹 Visual core/chip logging ✅ Complete — they’ve seen sulphides and breccia textures.

🔹 Portable XRF readings ✅ Likely taken, showing anomalous gold/copper signatures.

🔹 Lab assays 🕐 Pending — probably 2–4 weeks turnaround.

🔹 Market disclosure ⏳ Expected late Oct – Nov 2025 if results confirm mineralisation.

Ran transcript through chatgpt without any other prompting and the summary:

My interpretation

They’re telegraphing that the first few holes are hitting the right system — the breccia pipe, alteration minerals, and sulphides all line up geologically.

🔥🔥They can’t legally claim discovery without assays, but between the language used and confidence shown, it’s very likely they’ve already seen mineralised zones and expect lab results to confirm economic grades.🔥🔥

Given they plan to start with RC drilling in mid-October:

Within Day(s): Onsite geologists can inspect samples (chips, cuttings) for lithology / alteration / visible mineralisation.

Within 1–3 Days: If they use portable XRF or fast field assays, they may get a preliminary element “signal.”

Within 2–4 Weeks: The first certified lab assay results will often start coming back (this is a common timeframe in Australian operations, though sometimes shorter or longer depending on lab load and distance).

By 4–6 Weeks or so: Enough data to compile meaningful intercepts, issue a “drilling results” update to shareholders / market.

🔥🔥So, “the guys on the ground” will see some visual geological evidence almost immediately. 🔥🔥

HL won't quote price above £50's worth!!

Looks like NFX has carved out a new trading range between 0.20p and 0.32p — a solid consolidation zone.

Exactly what you want to see before a major news event: the market finding equilibrium, weak hands flushed, volume tightening, and a clear support base in place.

✅ EU Orphan Drug Designation already secured

✅ Increasing confidence FDA will follow with US ODD

✅ Partner discussions ongoing to accelerate timelines

Once US ODD lands, this new base could serve as the launchpad past 0.5p and news on collaborator easily pushes NFX onto another level! The science hasn’t changed, the risk profile has only improved.

The trading range tells its own story: the market is quietly positioning. When the next catalyst hits, NFX will move fast.

Marge, new login to LSE and has read every word of a 66 page prospectus to find where next financing is mentioned.

I don't think Marge is a retail punter sitting at home trying to save us. I think is a broker/MM trying to keep a lid on todays slight increase in interest or scare holders into giving them some stock to work with. Either way, when these suspicious bashers arrive, its normally a very good sign for the shareprice.

And even though only PEEL on bid with 2m , they will take 5m @.27 without NT (£13k)

We don't need to worry about any forward selling.

The message is clear:

“We’ve de-risked the science (proven molecule, EU ODD). Now we just need US ODD or a partner to crystallise value.”

He’s signalling to both potential partners and retail holders that they’re close to a meaningful inflection point — trying to shift sentiment before the next RNS.

Necessary at this stage to maintain visibility and investor confidence.

2p - I'd take that!!

NFX won't be the ones pushing to be interviewed, LSE see NFX imminent news an opportunity.

Platforms like LSE are always looking for content to keep the subscribers on board and traffic for new subscribers.

You can't just go to LSE and demand to be interviewed because you could do with a 23% uplift in share price one afternoon.

Directors own 94m shares between them (4.7%). They have enough skin in the game to want to keep any financing aligned with the other shareholders.

With directors holdings currently valued at £300k and the mcap only £4.8m, their upside is huge.

RE: U.S FDA ODD - Very confident we will receive it as we already have the European approval and theoretically "the U.S is a lower hurdle", "we could hear about that at any moment".

and

"We are speaking to multiple parties, and have been for some time, in relation to collaborative partnering, some of those discussions are quite advanced and we'd like to think the next announcement (after ODD approval), will be around establishing a partnership to progress bringing NXP002 to the next stage"

Someone trying to paint the trades screen red.

Looks like we have our buyer back.

Smiler, you need a new broker, dummy trades of 5m without going NT at bid and above are available on HL

I haven't been in NFX as long as some but I thought FDA ODD (rather than EMA) was the game changer, as this is the one which brings exclusivity and protection in the U.S market and therefore the big bucks?

Still here. Hanging around, waiting for the news to drop which will smash NFX through 0.3---0.4---.05------0.6

😁