Member Info for SouthernComfort

3 possible reasons why,

1,, They already had the data from NCM, so knew what it was anyway.

2,, They will dispose of Hav and SD knows that.

3,, They will take all of Hav based on current data from NCM.

Do you not see the irony in your post?

I think GGP need to move on with other prospects as Scallywag is becoming a bit of an Achilles heel for the sp. Revisit later when value is more aligned with fundamentals. It's giving the unclean far too many opportunities to knock the sp.

Scallywag should have zero value attributed to the current sp but poor news on it will be used as a very blunt instrument by the spivs. Put Scallywag on the back burner for now, it's doing more damage than good.

The MRE and other potential value enhancing news in the medium term needs to come unhindered, so good to get this out of the way. ATM we seem to be short of good news and only getting mediocre to poor news will only play to the wrong types, we don't need that.

Hi tiggerman, I hear your pain but please indulge me for a moment.

Professional investors never ask for news on a rising sp. Simple basic logic.

Asking for the MRE update on a falling sp is ok, to arrest the fall.

Asking for the MRE update on a stagnant sp is ok, to give it a boost.

But never ask for any updates on drilling, MRE, assays, etc when the sp is rising, you may not always get what you want.

Also to keep within etiquette, learn the pronounce and spell the top executives name correctly. It's just good housekeeping, tis all.

GLA.

Des, that's an awful attempt to induce FOMO. Not needed, you sound desperate.

I've been involved with PGM's all my career, I can honestly say this is the first time I have ever seen a sp drop on a Potential nickel sulphide discovery, furthermore, When a nickel sulphide trace is found anywhere, the market always react positively, anywhere from 10% - 50% but never a fall.

Some entity does not like this RNS.

Nickel Sulfide Deposits:

"These deposits form from the solidification and crystallization of nickel-rich magma from the Earth’s mantle. As the magma cools and solidifies, nickel sulfide minerals, such as pentlandite and pyrrhotite, can separate and accumulate to form ore bodies. Magmatic nickel sulfide deposits are typically associated with ultramafic or mafic rocks, such as komatiites or norites, and are known for their high-grade nickel content."

Nickel-Cobalt-Copper Sulfide Deposits:

"These deposits are typically associated with mafic and ultramafic intrusive rocks and are characterized by the presence of nickel, cobalt, and copper sulfide minerals. These deposits can occur as disseminated sulfides in the host rock or as discrete ore bodies, and are often found in association with other valuable minerals, such as platinum-group elements (PGEs)."

All nickel required for EV batteries is class 1 nickel, class 1 nickel only comes from sulphide.

Major nickel discoveries remain scarce amid looming supply deficits.

"S&P Global Commodity Insights has identified 82 major nickel discoveries made from 1990 to 2022, containing 147 million metric tons of nickel in oxide and sulfide deposits. Only four were discovered in the past decade and account for just 3% of the total nickel discovered"

The mining and processing industries are struggling to keep up with demand for nickel largely created by the EV ramp-up and major ramp up in stainless steel consumption.

Nickel deposits come in two forms: sulfide or laterite. About 60% of the world’s known nickel resources are laterites, which tend to be in the southern hemisphere. The remaining 40% are sulfide deposits.

The main benefit of sulfide ores is that they can be concentrated using the fairly simple flotation technique.

There is no such technique for nickel laterites. The rock must be completely molten or dissolved to enable nickel extraction. As a result, laterite projects require large economies of scale at higher capital costs to be viable. They are also generally much higher cash-cost producers than sulfide operations.

High-Pressure Acid Leach (HPAL) plants that treat the ore require much bigger investments than sulfide operations — there is often significant cost and technical challenges associated with laterite projects.

The standout comment is that it's nickel sulphide and not laterite, we have the best grade nickel. Not many places in the world with new nickel sulphide discoveries. Rare, great news.

Take a look, this is how it looks,,, Mr D sent it to me.

https://www.youtube.com/watch?v=-fU6VLVbA2A

Terry Venables, best England manager we ever had and Brian Clough, best England manager we never had.

The eagerly awaited MRE upgrade will change the landscape significantly, some of the guys in our investing group are expecting a minimum of 15pps post upgrade, my personal view is 15-18p by year end.

20-24p on DTM and exponential momentum on first ore.

The market are giving these away at the moment, that's about to stop real soon imo.

Thanks for the feedback, much appreciated.

I seem to remember some time ago that a poster did some 1st yr revenue calcs based on output, I think it may have been Bamps not sure. Does anyone remember them? I can't find them.

Much obliged.

Have any forward earnings projections been done for first year of production?

TIA.