Ann: Second Batch of Assay Results Received, page-7

Irrespective of your incessant down ramp Val, the spot nickel price is only one factor in BCL's planning.

Many are clearly more bullish than you - and have far more idea to boot eg http://knoema.com/ydolvrc/nickel-prices-forecast-long-term-to-2025

Then there's the hard, cold fact that Ni mines everywhere are shutting down and most other running at a loss. What happens when there's a supply squeeze?

http://www.abc.net.au/news/2016-01-27/panoramics-savannah-nickel-mine-in-wa-to-close/7117518

It seems self evident that the Botswanan Government will keep BCL funded (and its employees in jobs) at all costs.....

If the resource grows and is upgraded still the best option for BCL as a source of feed for the mill.

At this MC, a great option on the nickel price.....