mre sniffing down at hopetoun, page-8

Nickel stocks continue to climb which is being absorbed by the nickel market for now but can't continue that way. I guess that's why the long term forecasts are only $US6.50 a pound ot so - and then there's Goro, Sudbury etc as well as nickel traders dumping stocks bought at historic lows...

I think for producers it is all about nickel throughput to keep unit costs as low as possible and ride out the looming oversupply. This means higher grades inevitably, same recipe as it's always been...

SM, how did Ravo's grades compare to that of Minara or other dry (non-tropical) laterites? I thought they could upgrade it by beneficiation. BHP used a different cut-off grade in their announcements to Murrin so I can't compare the two directly.