The 800ppm Ni in barren dunite is promising, However it is no...

The 800ppm Ni in barren dunite is promising, However it is no guarantee of massive sulphides, that is speculation. it just means that prior to olivine crystallisation that nickel had been partitioned into the sulphide phase. These sulphides may just be present as disseminated sulphides and the partitioning could have occurred way down in a magma chamber and most of it left behind due to density. A lot of variable and possibilities.

The bottom line is that these holes are deep and you need to find a lot of metal at those depths before it can be remotely considered economic. The top of the system will need to be shown to be able to pay and until the float recoveries are published and proven there is a heap of uncertainty on the economic viability of any of the intersections. Hence the companies MC.