Nickel production can't justify new rail, becasue it's not sold in sufficient volume. I couldn't find production figures in a 5 minute look, but Mt Keith and Leinster have reserves of around 1 MT total. They both have nickel concentrators, so IIRC they produce a 20% Nickel concentrate. So if they produced their entire reserves in one year they'd have 5 MT to throw on the line... If we built it I imagine they'd jump on it, but it's a different kettle of fish to even GWR by itself, currently licensed for 7 MTPa with a realistic possibility of going higher.
GWR Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
