Hey everyone,
I've been diving into the latest report on Grid Metals and wanted to share some interesting insights and get your thoughts.
Here are some highlights from the report:
1. **Donner Project**: This project boasts a high-grade hard-rock lithium resource (6.8 Mt at 1.39% Li2O) and is conveniently located near two processing facilities, which should help expedite production with lower CAPEX. They're looking at producing 75 Ktpa of spodumene concentrates for over 10 years with relatively low milling costs. Plus, the initial CAPEX is just $50M for mill reconfiguration, which is quite competitive. They’re expecting to get their mining permit next year.
2. **MM Project**: This project has two open-pittable nickel-copper-PGM deposits with significant indicated resources (263 Mlbs nickel, 317 Mlbs copper, and 450+ Koz of precious metals). A drill program targeting copper-rich areas is planned for this fall.
The report also mentions a positive outlook for juniors focused on EV metals, citing recent M&A activity in the lithium sector and strategic investments in nickel juniors.
Given these points, I'm curious about your perspectives:
- What are your thoughts on the Donner Project's proximity to processing facilities? Do you think this will give Grid a significant advantage?
- How do you see the potential of the MM Project’s upcoming drill program impacting Grid's valuation?
- With the ongoing push for domestic EV metal production, how well-positioned do you think Grid Metals is to benefit from this trend?
Looking forward to your insights and any additional info you might have on Grid Metals!