nickel on the cheap

Folks who have been following this low cost nickel play in the Phillipines will be aware that we are on the threshold of drilling. The purpose of this drilling is to define the size of the laterite reaource to JORC status. Much is already known and we can be confident of at least 7.26 million tonnes at an average grade of 1.54% nickel.

This is really simple stuff involving removal of material from surface loading onto barges and shipping to refining facilities for contract processing.

Drilling should be imminent.