They will need to mine at least 2+ years you would think to get to those nickel ore so the investor will want a bigger piece of the pie having to wait so long until they can see some of their investment back.
And given it's way deeper to mine, I think their FOB operation cost will be $13/WMT USD and with NI1.5%, Fe15-25% FOB of around $22/WMT USD and a DSO of 2.2WMT per year (similar to Kolosori), wouldn't that only give them a net profit of only $19M USD after 2+ years, and then they still need to pay $20M startup capital.....hence, SJ was always meant to be blended with the high grade nickel ore at Kolosori which are close to the surface.
AVQ Price at posting:
7.9¢ Sentiment: Sell Disclosure: Not Held
