In a small bowl whisk together the rum, egg, and molasses. Pour into a tall heat-proof drinking vessel (like a glass beer mug) and set aside. To a small saucepan set over low heat, add the ale and gently bring to a low simmer. When the ale is heated through, gently pour over the rum-egg mixture in the glass, then pour the same mixture back into the saucepan. Continue pouring back and forth to create a frothy consistency, ending with a final pour back into the glass. Top with a bit of freshly grated nutmeg and drink.