G88 golden mile resources ltd

Ann: Highest-ever Nickel Grades at Quicksilver, page-203

  1. 2,872 Posts.
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    Hey mate,

    Whilst I'm a believer here, I'd calm the farm on expectations of this reaching $1.

    That would be a $320 market cap, and that's without any further dilution (and unless they hit 3% disseminated nickel sulphides below quicksilver, or 50m @ 5g/t gold in Yuminary), that ain't happening.

    Unfortunately, whilst I commend your PLS success I'd say there's way too many differences there to say that G88 would "follow the same path". Different resources, and their is VAST. G88 doesn't (seem) to hold a resource of that scale.

    What you do have here, however, is a strong and experienced management team. You have a resource that is teasing that you might be able to get a low capex project up to get revenue in ASAP, which could then in turn fund itself to start development. And you also have 3 totally separate opportunities for surprise to the upside... Yuminary gold, nickel sulphides, ionic REE.

    You have equal (and from a purely statistical spec stock view), greater downside risks, where this goes nowhere. That is where your research and risk appetite needs to come into play.

    For me, my risk appetite will be higher as I'm already 100% up, having purchased rounded up on @Lloydbrawn88 's holding, but at an average of 2x him. Well played there Lloyd!
    Last edited by HeliosUK: 30/06/23
 
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