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Seems like Veri-veri nickel prospect could potentially be the...

  1. richardlow
    338 Posts.
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    20/07/23
    09:11
    Post #: 68879753
    Seems like Veri-veri nickel prospect could potentially be the "black horse" here...

    Have a look at the previous exploration results from GMX:
    fb8ec040-3a0e-41f6-83a9-6734282181e9-GMX379168.pdf
    d1f8952e-6319-4657-b749-c19376f64bc9-GMX372636.pdf

    The nickel deposit is mainly sulphide mineralisation (ideal deposit) and any grade above 2% is considered as high grade... So LCL is onto something ultra high-grade here...

    In 2012, the nickel price is not that appealing compared to now...and this prospect finally got revived... As other poster has commented, what they need to prove from here is the mineralisation can extend more than 200m...if that is confirmed, a significant re-rate is guaranteed and JV opportunity is around the corner for this...
    LCL Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
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