I feel Estrella will better communicate in the near term the perception that their nickel grades are not right now commercially viable at current depths and grades.
The whole T5 proximity is rich in Sulphides, which means the 3.5km t5 area is showing similar traits to both CBM and T5.
The T5 proximity is the "Elephant" and I hope with time ESR can convey this to the market.
"Green Metals" will dominate mining into the future, .5% nickel grades will be viable soon, especially when Nickle/tonne sits at 40,000 aud a tonne.
3.5km of strike is massive and with 9 million dollars in the bank, I'm banking on ESR finding the source before that 9 million has been exhausted..
I think currently Carr Boyd, with its current data might be worth a hell of a lot more than its $44 million MC
Fair value for me might sit at 15c to 20c (180 million to 240 million MC)
An internal resource statement would be taking place, Once this is released to us plebs, sentiment will change in my opinion.
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