Holy crap. They went from a best case 86,500kg of Gallium from Nxuu, to potentially adding another 675,000kg at the lower limit to 1,200,000kg at the upper limit of Gallium from Kihabe!!
Although it is the lower end grade of Gallium producers the volume is huge and is just a bonus to the overall metal profile of zinc, lead, silver, vanadium, germanium, and possibly cobalt with further exploration.
To put that into perspective, America uses about 16,000kg per year currently with imports solely reliant on China.
We just went from 5 years supply to 47-80 years supply at current US consumption, wow!!
Please feel free to correct me if I have my math wrong but it looks like we have over $1 billion aud in Gallium alone!
Should I top up...probably.
MTB Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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)