I know we're a long way from a resource here, and I'm not a porphyry expert. But is there any reason why, at current metal prices, you couldn't treat the Mulga Monster like a porphyry deposit when trying to value it?
Assuming only 0.15% of the nickel can be recovered that would be equivalent to a 0.4% Cu-equivalent porphyry deposit - E.g. Sol Gold.
And while there are a lot of tonnes at Cascabel the scale potential here is impressive as well.
A local comparison with similar scale might be Rumble's Eraheedy project which is probably slightly higher value per tonne but still valued at only >$100M.
Interested to hear people's thoughts.
Deposit style Comparisons - Porphyries?
Add WMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $31.84M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.0¢ | $24.17K | 58.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43000 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
40.5¢ |
Change
0.010 ( 2.41 %) |
||||
| Open | High | Low | Volume | ||
| 41.0¢ | 42.0¢ | 40.0¢ | 26914 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| WMG (ASX) Chart |