Savannah North has an NPV of $80M at $6 per pound (v's current spot price ~$4). Assuming E80/4834 has a similar size resource then potentially the value of that tenement to THX is 1/5 of that. Alot of water has to pass under the bridge before (a) Nickel recovers to that level (highly likely it will in 2-3 years) and (b) PAN extends their exploration west into the JV tenement (as above already making plans).
Real sleeper for THX. Recovery in iron ore price will be linked closely to a recovery in nickel prices.
when can we expect Red bore results, page-12
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $66.20M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $53.47K | 5.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7043227 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2595357 | 3 |
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