I know we're a long way from a resource here, and I'm not a porphyry expert. But is there any reason why, at current metal prices, you couldn't treat the Mulga Monster like a porphyry deposit when trying to value it?
Assuming only 0.15% of the nickel can be recovered that would be equivalent to a 0.4% Cu-equivalent porphyry deposit - E.g. Sol Gold.
And while there are a lot of tonnes at Cascabel the scale potential here is impressive as well.
A local comparison with similar scale might be Rumble's Eraheedy project which is probably slightly higher value per tonne but still valued at only >$100M.
Interested to hear people's thoughts.
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