Just finished listening to Paul Bennet talking to Stkhd about the Trilogy Polymetallic deposit and spinning it off into another company with it's own management team etc (much like the Nickelsearch scenario).
I'd forgotten about this little gem as the company has been focusing so much on Kundip. Snapshot taken from the Feb 2021 investor presentation:
Breaking the above JORC figures down, around ~$2.2b in-ground value going off current mineral spot prices:
Considering they are now giving Trilogy some airtime, they may be actively looking for a suitor. We shall see.
On other topics, PB mentioned in the GC Investment Showcase Preso to keep in mind the 23oz's per drill meter figure (that formed the initial resource update) when anticipating the additional 20,000m already drilled and yet to be reported on. If that's anything to go by, we could expect to add another ~400,000oz AuEq (20,000m x 23oz) to the resource taking it to 1.8Moz AuEq in total.
Looking forward to watching more of the story unfold.
MM8 Price at posting:
19.8¢ Sentiment: Buy Disclosure: Held
