Nimbus will grow in value when silver will reach the levels predicted by some analyst (up to US$50) and zinc price will recover in post Covid19 recovery' infrastructure boost in China and elsewhere ... but first we have to absorb some "dead wood" from HRZ register... some info on Nimbus:The current Mineral Resource Estimate of Nimbus (JORC 2012) is:
12.1 million tonnes at 52 g/t silver, 0.2 g/t gold and 0.9% zinc containing 20.2 million oz of silver, 78,000 oz of gold and 104,000 tonnes of zinc
using lower cut-off grades of 12 ppm for Ag, 0.5% for Zn and 0.3 g/t for Au over a 2 metre down hole composite.
Within this global resource, the Nimbus project has a high grade silver zinc resource of:
255,898 tonnes @ 773 g/t Ag and 13% Zn
that has been estimated using a higher modelling cut-off grade of 500 g/t Ag and a top cut grade of 2,800 g/t Ag.
https://horizonminerals.com.au/nimbus-silver-zinc-project/
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