Vendor - what is very interesting re Kambalda style and the models MPJ is working through, is that very successful mines that reached massive market caps/contributed to them have less than 3%. For example, Sinclair which was part of the Jubilee/Cosmos play averaged 2.44% for life of mine. They spent 150 million on the plant (which was sold to TLM not that long ago) so you get an idea of what grades with width can mean. There are a lot more examples but suffice to say that if we get more of these, then things get very interesting. There is nickel there, we know that and I remember the geo team saying that if its there, we will find it. We dont need 5% nickel to make things tick.
MPJ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held