It's a completely different scenario, mate. KGL's deposit is spread over 12km, consisting of sporadic, satellite mineralised breccias where remobilised sulphides have migrated from a distant hydrothermal source over time. This dispersal makes mining significantly more challenging and less economic.
In contrast, Oonagalabi appears to have a more concentrated orebody within a specific zone, and the real advantage is that the feeder system might be just 1km north, as indicated in the announcement. Comparing the two is like apples and oranges.
Look at Aurelia Metals (AMI)—they operate small, high-grade mines with strong economics due to favourable orebody shapes. They’re mining a 3-4Mt sulphide system and have a $350M market cap. In the real world, deposits are multidimensional. Don't try to box this into a comparison with KGL's deposit—it’s an entirely different proposition.
If Jervois was in one zone, it would be mining already.
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)