Ongoing negative sentiment surrounding the nickel market has dragged on LM8’s share price. Despite this, LM8 has continued to improve its flagship Kambalda Project via low-cost gold exploration, MRE updates and advancement of pre-requisites for eventual mining. With suspension of the Nickel West business, it seems unlikely BHP will activate its right of pre-emption in relation to the treatment of Kambalda Project ore. Formulation of an alternative process solution will be key to project development. Gold exploration success could provide a share price catalyst in the short term.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
