Quicksilver has a large Ni-Co Resource which alone gives the Company objective value far above its present MC.
And that's before looking into the Project particulars.
We know that per tonne mining costs are going to be very low - I'd hazard, ~$10/t, and that's being overly cautious.
Ditto for the low-energy, simple mechanical processing - probably <$10/t.
Start doing some sums with low input numbers like those, and the juices start flowing.
That'll create products for which there's real demand in the world at very respectable prices per tonne.
We'll have to get 'em there, of course, so there'll be transport and other costs.
But there's plenty of handy infrastructure already around Quicksilver - roads, rail, port and grid power. And, who knows, the local pub could probably accommodate all the workers we'll need.
Tweaking grades and recoveries can add even more lustre, and that's what the Stage 3 metallurgical testwork underway now is all about.
And that has potential to be a very real value-add!
Chuck in that within the existing Resource envelope significant REE and Scandium mineralisation too is confirmed, with likely potential for additional revenue streams from Quicksilver (again part of the Stage 3 Met) plus, more broadly, the fact that the Australian small-cap index or XEC looks to have bottomed at last with the MACD starting to turn, and you'd be crazy to be selling G88 at current levels in my view.
