I think the EM plates are probably massive pyrrhotite sitting on or in the basal BIF. When I look at CHN's Ni & Cu grades I see a lot at 0.2% and less, there's very few intercepts scream out "matrix" and I know of only one that screams out "massive". Julimar is a large disseminated sulphide ore body. CHN overstate the massive sulphide component of the ore body and its nowhere near enough to make the difference between economic, sub-economic, and a duster. If they're relying on that to push it over the line they'll be some disappointed people at CHN.
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