dear all, plse go carefully throu the Norlisk rpt - it gives...

dear all,

plse go carefully throu the Norlisk rpt - it gives some decent clues as to "length" of time re oversupply (imho).
it also shows the opex for fe-ni in Indo, and poses the question "what happens" when the higher grade laterictic ores are depleted .....

for MCR to kick some goals - and recognising that Ni price isn't immediately going back above 550-600/lb, the gold strategy has to work.

as most would know - the region is littered with small pits (5-50kOz). MCR will (hopefully) do sufficient delineation drilling for grade control purposes......

they will also (imho) the following:
1. batch treat some ore with St Ives to get a good handle on metallurgy and recoveries
2. this should more than confirm the economics !
3. drill the "known" extenstions of current discovered resources (my very rough est is upside to circa 450K Oz +/-)
4. then work out the mine schedualling so that they can actualy generate some cash ........
5. this should (hopefully) fund the restart of nickel production ........
6. continue to use the WMC/Goldfields data sets to find more ounces .....

rgds
V_H