Has MCR just broken above its 2 year down trend?, page-7

MonkeyB,

it depends on "how long" from shut-down to any future Ni restart.

the capex is guestimated at 12m, but this includes a full dewater of 1st mine........it could be as low as 2m, to (1 yr) is estimated at 6m, and if fully flooded - then 12m ........

the shallow gold should be minimal capex for any production ....I imagine MCR could use same truck fleet .......I think the prev announc re potential treating via st ives, is a precursor to a deal with same regarding mcr's other gold dirt ......as previously mentioned - they will need to do grade control drilling, plus batch treat some of their gold ore (to asses recoveries etc), so that economics can be accurately modelled, so that pit mine planning can be done properly (imho)

my best guess is us 5.50 ++ for any Ni restart....I also imagine that management will wish to see a period of "sustained" price > restart $ ......so that they do not get "burnt" on any restart....

good to see other people see real value in ni call option, plus the gold projects ...

rgds
V_H