PEL 0.00% 1.7¢ pelican resources limited

Palermo is the "non executive chairman" and secretary I believe,...

  1. 23,765 Posts.
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    Palermo is the "non executive chairman" and secretary I believe, I dont know the status of the court case which he apparantly is not involved in (sorry for the sarcasm).

    @US $ 40 a tonne FOB for the saprolite @ 1.6% Ni there should be about $20.00 to $25.00 a tonne gross margin after costs.
    @ 1 MTPA production thats quite a bunch of money.

    Probably need a share placement though to get $800,000 to buy the deposit nd 1-2 M for CAPEX

    So is Hill as the MD going to pull it off?

 
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