1 mine needs usd 20,000 and another needs usd 22,000.
Nickel sitting at a bit shy of usd 18,000. Demand for Nickel Sulphate is increasing as is the price above spot nickel. Up to 35% premium for battery grade Nickel Sulphate over Nickel. I still expect we will be talking about production of Nickel Sulphate this time next year with Nickel West’s Nickel Sulphate processing plant due to come online in April 2018. Just in time !
As for gold , NPV is circa $30m as reported and doesn’t include flinders West nor the current resource over 300koz and expansion.
I have been buying and see this reaching $200m mkt cap in 12 months
MCR Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held