Live video, amazing, looks good, going to be many drills all around
I see visible sulphide!
$5M DD cost will be well worth 150kT of Ni like SS or around another $3B in resources/reserves on top of the 400KT already in the JORC table.
550KT x 8.18 x2204.6/0.78 = aud$12.7B of resources that can be mined and sold using FCF from the GS mine for the capex
The good news is the mine decline is ready to go, just aim for the mother load and dig dig dig for 3 years at least at VERY VERY STRONG MARGINS. The Kal Labs will be busy in the coming weeks/months.
If we see regular updates & more SIR type world class hits, we will become the offtake bankers darlings.
I feel its a super Nova, deeper wider and higher grade than the old Nova of 120m depth at 2.0% grade.
5m true width of 10% -15% is amazing thus far.
Yes Im excited guys, this is finally IT!
Ann: Investor Presentation - May 2021, page-100
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