Hi all,
Seems the once-sleepy-g88 threads are already a little hotter than they were previously, and the chances are that this will continue, irrespective of share price directions.
What a day yesterday - 75% of the share register turned over, and I'd bet that some of the major shareholders weren't dumping their allocations
Clearly everyone's seen the amazing bump in share price coming from the higher-than-previously-seen nickel grade results in an existing resource at Quicksilver...
26.3Mt @ 0.64% Ni & 0.04% Co
- 168,500 metal tonnes Nickel,
- 11,300 tonnes Cobalt
The bump in price - partly due to that, but partly because it means that there could be more and it's near surface, and that we could literally dig it out and ship it off without having to refine it any further. That then massively reduces any capex for a plant we might need, or at least gets more favourable terms.
However....
The next bit of news that I'm looking for is the REE. We know the grades are good, but it is easily and economically accessible? Management seems to think that it might well be, and if so, these previously announced grades are epic...
QAC0010: 4m @ 3,295ppm TREO (including 1m @ 7,915ppm TREO)
QRC0039: 10m @ 2,548ppm TREO (including 1m @ 3,949ppm),
QRC0135: 1m @ 10,600ppm TREO from 57m and
QRC0061: 1m @ 6,700ppm TREO from 8m
Can we unlock them? Let's see
Not to be forgotten is the Scandium, for which we've identified 1 high grade hole and are re-assaying the existing cores to see how broad this deposit is.
Oh, and don't forget the TOTALLY DIFFERENT tenements with a
solid gold opportunity to follow up (which I think this time last year is deserving of our re-rated $15m market cap on its own), and another with lithium potential.
I encourage anyone thinking of holding or buying to read the
recent presentation, and wait on the new on next week as they're presenting in Brisbane.
