NIM nimy resources limited

General Discussion, page-16

  1. 7,415 Posts.
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    This gives me the feeling of WA1 all over again. So many things to like at this early stage.
    Discovery of a critical mneral that the west desperately want to get their hands on, so much that 2 external parties are already engaging to secure off-take.

    so what do we have here:

    - discovery of a critical mineral Gallium that is going to grow in demand exponentially
    - China 98% producer banning exports of
    - Western countries crying out for another source
    - use of Gallium in semi-conductors is better than silicon
    - initial drill results show some high grade hits. Resource starts from surface down to EOH 240m. Of the 5 holes reported, each hole had mineralisation from surface and ended in mineralisation at 240m (how big is this potentially?)
    - most of us won't understand too much about Gallium, I'm more interested in the reaction of those that do understand it.

    https://hotcopper.com.au/data/attachments/6759/6759841-2a0cdf279ef97b8d805d4a5b2c613a26.jpg
    Financing will not be a problem. These 2 parties are just the start and there could end up being more as the story unfolds. For example, a external party may stump $20m to secure offtake and the company will be flush with funds to drill the mineralised area like swiss cheese. Partnerships may be formed to assist in production if the find becomes economically viable.

    https://hotcopper.com.au/data/attachments/6759/6759890-02dbd4cb64e09380cce8f0f79d7bb2d5.jpg
    With all holes ending in mineralisation and 240m hits, this is looking like a high tonnage deposit considering the target is over 900m x 650m

    https://hotcopper.com.au/data/attachments/6759/6759881-fede102a643c3e0a6b6444039425a21c.jpg

    After 5 holes drilled, there are 2 external parties that want to secure off-takes, that highlights the potential of this project and the importance of what they are uncovering here.

    This story could explode over the coming months and the sp could move very fast considering there are only 174m SOI.
 
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