nice pt pd grades too, page-3

The problem Vulcan has, is that the ore is mostly rich in Palladium (US$500/oz) and not Platinum (US$2,000/Oz). The ratio is about 10:1 to 15:1, which is about right for high tenor Fennoscandian basaltic komatiite deposits.

The good news is, however, the concentrate grades at +14% Ni and +65% Cu are HIGHLY saleable, and wil really, really reduce smelting costs per tonne for the concentrate. Heitaharju and the whole Kuhmo nickel project resources are, from a nickel deposit point of view, hot schitt.

Vulcan will probably go to 55+ in a few months, on Kylylahti. All they really need to do now is really crank into the resource upgrades on the Kuhmo deposits and get the share price up to 55c+ before going for finance and equity on Kylylahti.

The reason, by the way, the company SP is struggling is that they raised $50M at 45c to fund the mine, on a 1:1 share subscription deal (of which, I might add, I exercised my option in full) then a few months later, fscked the donkey and delayed the mine, and now its sub-45c, you have a LOT of disgruntled shareholders who are dumping.

We need to clear 45c before it'll stabilise. Not long now - 4 or 6 weeks. But till then, either accumulation or evacuation...