Ningaloo Reef? Did I hear someone mention Ningaloo Reef? I am...

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Lifeisabeach

1,271 Posts.

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05/03/24

17:19

Post #: 72756533
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Originally posted by allens: ↑

JandJ,
Indonesia only cornered the low cost Ni race due poor quality 304 S/Steel which is still the biggest consumer of both Indonesian & Philippine low quality Nickel for China . To produce battery class Nickel the Chinese entered the market and spent big at Morowali in the Sulawesi but that hasn't worked out that good in it all recently as December 27th-2023, 18 died in a nickel smelter explosion and that smelter is shut for now.
I wouldn't believe to much of the rantings of a certain person here.
Copper wont be cornered by Robert Friedland in Africa he will sell it the moment he can just like he did at Ivanhoe Mines with OYU TOLGOI Mongolia.
There has been talk of 5% copper in Africa but how many years to get it out the ground and the corruption.
A certain individual likes to scare others with rash statement a little like Sir Les Patterson did.
Relax all we have 1500 meters wide of copper at surface in Jean Elson / camel creek & Ningaloo Reef Area.
Let the drill do the talking first due there are assumptions its all joined at depth along that fault.
Having 5% of copper is good but you need big tonnages output to claim the race, that infrastructure will take years to build in Africa.

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Ningaloo Reef? Did I hear someone mention Ningaloo Reef? I am there! Another good omen. If Inca had a project at the Ningaloo Reef I am thinking of in WA I would have packed up my business and my old kit bag and would be there!! I wouldn't care if I was sweeping the beach, a truly magnificent part of the world. Hopefully the GB Reef will keep all the tourists away from Ningaloo!

Beach

ICG Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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