Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Short closing IMO.
The business case for Araguaia reflects a nickel price of $16,000/t and HZM looking to be one of the lowest cost producers so current nickel prices still reflect an upside to the base case NPV even after the recent drop
He belongs in the green box (filtered)
So 10 months drilling from Feb-21 cut off added 50% to the mineral resource, taking it to 6.5M oz AuEq.
We’re already a further 5 months on from the last cut off date, so in another 5 months we could well see a further significant % upgrade in the MRE2/3.
SD needs to ensure GGP staff are fully involved in the production of the MRE2 to ensure it reflects all progress with the drill bit
Short Selling Regulation (SSR) State:
A public share notification must be made when the net short positions of shares reach 0.5% of the issued share capital of the company concerned, and again at each 0.1% change above 0.5%.
JPM have issued notification of 0.5% which equates to 20,352,735 shares. So if they’ve increased that position as speculated, then they need to report any 0.1% increase above the 0.5%!