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McHale in relation to your question the other day my answer is:...

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Bomber78

6,244 Posts.

191

03/10/18

21:21

Post #: 35984795
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Originally posted by McHale ↑

Thanks for that @Deet, yes the grades at Isabel are VG, it will be interesting to see pricing for the ore from a DSO type operation perspective - no doubt the grades and the need for Co should mean returns are good.

Having said that there are a number of factors which will impact returns particularly financing and class of Nickel.

Another thing I will add is that, RMs' pricing for Sc is not realistic.

Have gone through both links you generously provided, but am none the wiser about the class of the Ni contained. Given that it is a laterite deposit with Ni, Co and Sc like Sunrise & Sconi I am thinking that it is Class I - but haven't seen anything in the announcements to confirm if this is Class I Nickel - but if it isn't Class I it will seriously impact the economics of Isabel.

Nickel is the main ingredient in Li Ion batteries and far more Ni is needed than any other ingredient i.e. Co.
But it has to be Class I Nickel.

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McHale in relation to your question the other day my answer is: did they ann anything when they said no to Elon? They don’t have to Ann a thing if they decline.

AVQ Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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