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0.9¢ golden mile resources ltd

But if you're bullish nickel as an EV play, the equation looks...

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SilverFox88

4,218 Posts.

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13/12/17

12:21

Post #: 29595665
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Originally posted by img999a ↑

To be fair – there seem to be valid points on both sides. Laterite is more expensive to mine than sulphides. From what I have briefly read and maybe I read wrong, Murrin Murrin has a breakeven cost of about US9000 tonne or US4 per lb (I think it has a 1.07% grade). Looking at the nickel charts, the price of nickel has dipped below this a couple of times for relatively short periods over the past 10 years so there is a possibility of production not covering costs.

However, given that production from sulphide deposits would appear to have flat-lined on a global basis whilst consumption continues to increase, the odds of the price staying above that break-even point would appear good for the future – assuming that this company can achieve the same processing economics and get it funded. (imo dyor etc etc)

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But if you're bullish nickel as an EV play, the equation looks much better.

G88 Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $3.701M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$1.811K	201.2K

Buyers (Bids)

No.	Vol.	Price($)
3	833427	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	358427	3

View Market Depth

No.	Vol.	Price($)
3	833427	0.009
8	762472	0.008
4	762999	0.007
1	250000	0.006
5	1400199	0.005

Price($)	Vol.	No.
0.010	358427	3
0.011	499999	1
0.012	732980	5
0.013	819231	2
0.014	83333	1

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