Morning all.
Well just when you think it couldn't get any better.
The price of Ni has doubled in less than a week.
About 4 weeks ago, I was watching an interview where the talk was about the price of battery metals.
It was hypothesised that even if the prices doubled, the price of ev's would be little effected.
This was given further support recently when I happened to see a graph on the price of new vehicles.
I wish I had access to that but some of you may have seen it.
It showed all vehicle prices rising quite dramatically while the price of a Tesla had dropped in the same period, ( the most recent time frame ).
I have seen ppl saying that the Ni price spike is because of stock piling but I can not confirm that.
It now raises the thought of which metal could be next but also which metals will play catch up to Ni.
Personally I think that copper could go a lot more yet.
If that happens, the precious metals will not be left behind and silver could get the sling shot talked about.
It is Cu and Au that we want and these sorts of moves make it a little clearer on just how much Gold could move.
Copper at $6/lb? I think it could over shoot that but that is just imho.
Another imho is the Gp and I think that will get a rev up now because the moves in other metals will make it look cheap.
Now we can look at the amount of Gold we have.
In the assays we are seeing some relatively low Au values but given the historical grades at Tick hill, I am betting there will be more and better grades found here. Bottom line in the pic below very juicy.
Now back to the Cu.
If the discovery hole was how they identified where to drill hole 44 and this was the result, I am wondering what we could see in the upcoming results also directed by the same method.
I am sure that you do not need to be reminded of the pics we have already seen but we are getting closer to results and the sp is dropping while the Cu price is rising.
Great time to add to holdings here which is what I have been doing.
The Red circle in the pic below shows the IP indications for targeting the drill bit and just like they did with hole 44.
At 140m nth of hole 19, this could be a large extension but this is only one small part of the possible ore body/ bodies.
We could also look at step out to Greater Duchess but also Duchess Deeps.
Check the IP indications in the in below for Duchess Deeps.
While they have described this as a 50km long IOCG corridor we are awaiting this.
We don't know how big this will be but the indications are very promising and we don't have long to wait for the drill to start spinning on the drill pads which should now be complete and the 10 holes that are in the Lab.
Let's not forget about the IP results at Nil Desperandum and the potential extensions we expect there as shown in this pic we are all very familiar with. We can all see just how big this section could be.
Now put that together with the moves in metals and ?
Happy to be involved in this story and will be more if the price drops any more.
Hope to see all holders here do very well because it means I will be too.
All to come while we watch the price of Cu about to go further north.
Kind regards, Wack.
(20min delay)