for your eyes only., page-9

Delta,

Outotec have a good leach process but its not in the bottom third (in terms of cost) of all nickel extraction processes. Outotec have decided to go alone in developing/tuning our leach process. They wont be happy when the hear about CRR (not that they stood a chance anyway).

I think we still had a chance with the Mintec arc furnace. The results from this was good but unfortunately the cobalt was lost in the slag. I think we got a good deal considering where we are at the moment. I hear the Chinese were sniffing around Young a few weeks before the asx release, so if they come back in a few months, watch out.