pursell and the market, page-9

As it stands with todays price of Nickel @ $44,600 per tonne, Young is worth $71,360,000,000
If it averages $34,170 for 2007, it's worth $54,672,000,000.
The general consensus is that nickel prices are going to stay high for a considerable time.
The following is taken from an article in The Australian.

" Those in the nickel business say building all the infrastructure plus the complex laterite treatment plant could cost something in the vicinity of $2.5 billion.

It would be at least seven years away from development, probably more like 10.

But Jinchuan thinks long term. Nickel will still be in demand a decade from now. And this in Western Australia - not Bolivia and not the Congo. It may be a difficult project but a safe one politically.

And Wingellina does contain 2 million tonnes of nickel and 150,000 tonnes of cobalt. That's big".

IMO, I can feel a deal/JV coming on and I don't particularly care who bosses who around. As long as they get the stuff out the ground!