Yep, I'd concur with those sorts of multiples - easily.
And management's probably thinking along similar lines - has lots of skin in the game here too, and won't be trading 'em.
The Stage 3 Met is about closer interrogation of the mineralisation and refining the beneficiation flowsheet well beyond proof of concept. Lots of small tweaks and refinements can cumulatively improve recoveries and grades - and make a huge difference to potential profitability.
I'm sure we'll find that operationally too.
Some folks seem to be thinking of the Stage 3 Met as purely about REE extraction potential, but that is just one of the additional downstream possibilities being explored.
We have perhaps too pedestrianly characterised the Ni-Co / Fe-Cr-Ni-Co proposition at Quicksilver as 'base-case', which sounds a bit humdrum ...when, particularly in comparison to today's Market Cap, it is, or could be in fact, a ball-tearer.
G88 Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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