nkl 16.5 cents?, page-5

My point was it shouldn¡¦t go lower ¡K It could of course but at 16.5 cents it¡¦s trading by me at it¡¦s cash at banks position that puts no value on any of this:

Nickel Australia has secured the rights to explore for and mine Nickel, Copper, Cobalt, Uranium and Platinum Group Elements over three key project areas in the Kalgoorlie district of Western Australia from Croesus. Nickel Australia has a 100% interest in these rights which also include:

„h Access to and use of the Croesus and Central Norseman databases that contain over 60 years of exploration data.
„h Benefits of Croesus Native Title clearances and advanced title status at many of the Company's projects.
„h Reduced tenement costs due to a 50/50 costs share agreement with Croesus.
„h Nickel sampling rights from Croesus' exploration activities on the projects.
„h
Experienced board led by Tony Rovira, the former General Manager ¡V Exploration for Jubilee Mines NL. Tony was instrumental in the discovery and development of the Cosmos nickel deposit and brings with him a wealth of sulphide nickel exploration experience.
Highly prospective exploration projects with indications of massive nickel sulphides located close to existing nickel mines.

The Norseman project contains extensive ultramafic komatiite sequences (over 80 strike kilometres) with historic exploration drilling reporting the following nickel mineralisation: