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.
Absolute worst case you end up with a great shell with circa $2m...
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