CHN 5.48% $1.04 chalice mining limited

Ann: Updated Gonneville Mineral Resource, page-69

  1. 1,758 Posts.
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    I'll assume you aren't a troll and genuinely believe the grades are low.

    you are not alone a lot of investors on the sidelines or shorting because they think the grades are low.

    yes you could say if this was a pure nickel copper deposit grades are low and would need huge throughput to make it economical.

    however this is not your traditional deposit, it's composition is dominated by PGEs where the main purpose of the nickel and copper is to float off the PGEs.

    a good start to understanding these deposits is researching the South African PGE miners:

    Anglo American Platinum Limited (AMPLATS)
    Impala Platinum Holdings Limited
    Sibanye-Stillwater

    they all have mines in the bushveld igneous complex. you'll actually find that some of the mines have even lower grade nickel and copper compared to gonneville.

    chalice might very well have the majority land holding to the new west yilgarn igneous complex.
 
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