PIO 10.0% 1.1¢ pioneer resources limited

Ann: Drilling underway at Golden Ridge - Leo's Dam, page-19

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  1. 2,281 Posts.
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    Good Q RAF. I believe that Nigel has a very close relationship with DC and since we have some cash flow, albeit small, it's a good opportunity for them to collaborate. NB has been closely working with PIO for quite a while and I guess it was an easy decision. It would be all about trying to identify a lens of NiS and then sell it off to someone who can fork out for the mine infrastructure. ie. IGO equivalent.

    It appears that David is trying to reiterate the determination of the Kambalda style dome model (What is it with PIO and Domes!!??) and push the exploration along this 12k strike length, identifying the most prospective targets using as many methods as they can, along with the 2015 data.

    Yes, I see the reference. "Pioneer Managing Director David Crook said; “The Company now holds a highly prospective portfolio of early stage and advanced nickel sulphide projects, including the suspended Blair Nickel mine, positioning the Company for an upturn in the nickel price."

    I think he is pointing to the fact that along with any potential discoveries, the mine may also be viable in the future it has a resource estimate of 222000t of NiS ore at 2.92% Ni for 6500t pure Ni metal. I guess he adds that comment to cement the bigger picture for those who may be new to PIO.
 
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