Agree totally digdeep. The stockpile at Chinese ports is of 1.0% and less material. Rusina will be shipping 1.2% to begin with and can up the limonite grade to 1.4-1.6 if necessary.
As regards London. I have been following this stock from just after it listed in London, and one thing is clear to me.
The funds are here for the PGMs.
You may ask: why then the focus on nickel laterites? Well, I think basically the PGM project is so big that it will take loads of money and a long time to drill it out. So, it seems sensible to have a source of cash flow to fund that. It just so happens that the source of that cash flow is a very useful project in its own right.
