re: kicking the goals-$4 breached The beauty is of course the very low costs associated with a massive 10% or so nickel content.
Companies often make do with 2.5% Ni content so there is a big attraction having 10%. Theoretically, 4 times less ore to shift compared with that of 2.5% content.
I also believe that they have some of the best prospective tenements and after finding more NI, they are going to spend $12 mill on exploration/drilling in the year, starting July 1st.
Very good dividends as well.
Info:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=110701#304988
(It has been suggested that my guided forecast is somewhat conservative).
Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
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