Absolute worst case you end up with a great shell with circa $2m cash assuming all 3 irons in the fire fail. Capital structure would make this attractive for a new project and that's assuming they are not already looking/being approached.
It may not be sexy to the market, but 1-3% widespread shallow Nickel (pre any beneficiation) very close to a processor open to the idea of third-party ore could provide considerable cashflow for a very low capex number.
Nickel Sulphide - reaching 600m+ depth takes time, will know in the next 4 weeks if we have anything or not. What price here with a hit?
Lithium - drilling approvals due in the next 7 days or so.
Patience will be key here, at current prices it's just over $1m EV which does seem like a bit of a gift - let's see.
- Forums
- ASX - By Stock
- Ann: High Grade Nickel Mineralisation at Lake Johnston Project
Absolute worst case you end up with a great shell with circa $2m...
-
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TG6 (ASX) to my watchlist
|
|||||
Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $11.37M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $19.32K | 118.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 22841 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 22687 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 22841 | 0.160 |
1 | 6387 | 0.155 |
4 | 93000 | 0.150 |
1 | 3679 | 0.140 |
1 | 2000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 22687 | 1 |
0.170 | 27417 | 1 |
0.175 | 6250 | 1 |
0.180 | 50000 | 1 |
0.200 | 15371 | 2 |
Last trade - 15.18pm 26/07/2024 (20 minute delay) ? |
Featured News
TG6 (ASX) Chart |