Nickel Rose again..., page-142

Shane, unfortunately you are mistaken. Nickel sulphide is cheaper to process than nickel laterite. Even if you ship laterite as dso someone downstream had to spend billions on an hpal plant. Hence they won't give you full price for your nickel since you are just shipping ore.
all this is common knowledge Shane. Just do some very basic research.

invest4it posted an article showing a $70m takeover of a 3mtpa laterite operation. That's the kind of valuations you can compare against. Sir is in a different ballpark