Ann: Trading Halt-AVQ.AX, page-202

there is a vast difference between producing the end product, nickel, and just shipping nickel laterite ore. Nova will earn much more money than a Dso Isabel operation. FACT. 10 times capex is cheap because you are earning more.

technological advances may have occurred but it will still take ages. Ramu Nickel still had a capex of $2 billion. But oh, if only they had redpapa as a consultant maybe he could have pointed them to all these technological wonders and saved those fools money.

as for demand, there has not been a demand increase but a supply decrease. There is a difference.