G88 8.33% 1.1¢ golden mile resources ltd

Now with the raising behind us, I think it's worth reprising...

  1. 4,021 Posts.
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    Now with the raising behind us, I think it's worth reprising last week's Announcement which sadly, amid all the breathless fear-mongery, went pretty much unnoticed.

    Astonishing really, because as Bluebird observes above, this cobalt sweetener adds considerable value to Quicksilver - not only for its potential worth in outright dollar terms, but also for the added flexibility it offers to the mine startup, and as a separate product stream in the multi-element mix.

    Mind you, G88 is priced virtually at cash/shell-value, which means little or no value is ascribed to any of:

    - Quicksilver (established Ni-Co-Magnetite Resource)
    - Cardinia (exciting KIN JV'd VHMS ground)
    - Yuinmery (massive gold-in-soil anomaly next door to Rox' Youanmi Project)
    - Yarrambee (highly prospective for Ni-Cu-PGE mineralisation)

    So everything priced for abject failure - despite a strong portfolio of assets, and a highly competent (and results-delivering) management team:



    https://hotcopper.com.au/data/attachments/5942/5942621-1af9ed234044f96a25036b05ba2542ba.jpg



 
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