G88 golden mile resources ltd

0.00%

1.0¢

General discussion - day to day / speculation, page-108

First 108 Last

Share
Profile

Follow
bluebird

1,147 Posts.

233

26/08/23

16:24

Post #: 69565089
Share

Originally posted by Nowhere Man: ↑

Could be even better than DSO at Quicksilver, Bluey, if we can indeed hook into this nickel enriched vermiculite.

Not that DSO would be any too shabby.

The vermiculite is showing really high grade, 2-3% nickel - which would sell just as DSO at between $300-$400/t. My understanding is the vermiculite has so far been really easy to separate, just using screens and scrubbing.

So let’s say 10% of the ore is vermiculite, costing us $8/t to mine – so we’d have to mine 10:1 to get 1 tonne vermiculite ore – so that’s costing us $80-90/t to make, and selling it for $300-400/t.

AND the transportation costs plummet, because suddenly we’re not moving so much of the material. (Transportation costs would come down from about 50% to only about 10% of costs.)

But as I say, this thing could become even better.

With high-grade material like that it’s likely we’ll be able to make a battery mineral out of it because it’ll be able to sustain an atmospheric leach process. At which point we’re talking about $10,000-15,000/t (!) and practically no transportation cost, because we’ll only be transporting 50t-100t at a time, not 30,000t.

There’s a lot of water needs to flow under the bridge ‘til any of this might eventuate - not least identifying the geometry and orientation of the layers and seams of high-grade Ni-Co vermiculite we'll now be hunting through the ore zone.

But you can see the possibilities.

Expand

Agree, vermiculite is another game changer. Could even get really exciting if the deposit becomes deeper and richer, and if there are add-ons, like Scandium and REE, provided of course, they can be readily extracted. Maybe other metals? Could be BIG, in fact, could be HUGE, IMO!

G88 Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Most investors will get this earnings season wrong. Will you?

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASE

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

First 108 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $5.442M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$2K	200.0K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	548016	6

View Market Depth

No.	Vol.	Price($)
1	50000	0.010
12	1816620	0.009
18	7322000	0.008
7	3279713	0.007
5	1459660	0.006

Price($)	Vol.	No.
0.011	548016	6
0.012	90909	1
0.013	384615	1
0.014	303571	1
0.015	1500005	2

Last trade - 13.27pm 25/07/2025 (20 minute delay)

G88 (ASX) Chart

General discussion - day to day / speculation, page-108

Most investors will get this earnings season wrong. Will you?

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General discussion - day to day / speculation, page-108

Top Stories

Most investors will get this earnings season wrong. Will you?

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News