HLX - the next 5 bagger cobalt/nickel play?, page-264

@robbo24
You had it right mate in terms of excitement for the exploration spend you were just 12 weeks too early, now is the appropriate time to release this thread again.

I believe the moment some have waited a long time for is now upon us being in the form of commercial value realisation of the excellent assets (multiple commodities VMS) helix holds. I'm tipping a watershed moment is not far off at all now for helix and good on them they have been very responsible custodians of shareholders money and those who stuck it out have a very good chance of being rewarded including management and board members past and present. They have not only been wise with the spend but the underlying value they have added over the last few years particularly at collerina has not gone unnoticed by some big players and when this current drilling finds that down dip sulphide plunge and a few more lenses its on for young and old. Its abundantly clear they have concluded the areas now being drilled is of significant nature. Would be even better if this deposit turns out like Sandfire’s it already has that nice high grade shallow copper oxide cap now let’s see how thick and what grade the sulphide lenses at depth are. Just a heads up in this area its well known that they thicken up with more grade at depth so this bodes very well.

As for the laterite Ni/co drilling that’s about to start one only needs to look at the comparative companies MC nearby to figure there is no value accounted for this let alone the massive copper commercialisation drilling. Now one thing I think has not gone unnoticed by some players is this is not only about the highly heated ni/co space but also the shallow AI mineralisation present in the clays in this area in which when enriched as HPA has multiples more value then ni/co combined. We are drilling in priority targets that have strong geological links and are very close to the CLL homeville deposit. No mention of AI yet but that has a good chance of changing with drilling about to start.

Because of the shallow ni/co/ai ultramafic enrichment in this area 200k/300k worth of drilling can potentially rapidly add a lot to a company’s MC which I’m sure is the expectation.

To steal a line from our JV partner on EL3663 (Homeville deposit) Cll Collerina cobalt:

“High Purity Alumina (HPA), revenues would be far in excess of nickel and cobalt revenues combined"

Also keep note of the work CLL has done in this area in which as a commercially linked party to them helix maybe able to assist in many ways and leverage off each other. I see this as great outcome for both parties as HLX controls the extended majority of the trend and CLL on the other hand has been diligently working on the commercialisation product lines utilising the local mineralisation a true win win and would not be surprised to see this in the works.

CLL 75 million MC (and I don’t think their overvalued at all)

HLX 15 million MC

One only has to look where the MC is and what is about to occur then draw the dots. All the research has been put up by a handful of posters over the last 6 months.

With Gary and Tim now firmly in place on the board and the register changes I can see the fundamental shift is now firmly in realising the value of our great VMS trend in which both blokes have firm backgrounds in creating huge value uplift in their previous tenures.

All the best