re: Ann: Second Quarter Activity and Cashflow... "Copernicus Open Pit
The open pit mine remains on care and maintenance pending a sustained improvement in the A$nickel price. The open pit and associated infrastructure are fully developed, and are in a state that will enable mining to recommence at short notice."
If it doesn't open at the current Nickel price, it never will.I cannot see the Ni price getting much better until stockpiles are much lower.I wouldn't be surprised to see it sold off st some time.
I also noticed the dreaded words "No significant uranium mineralisation was intersected" from the first 3 holes drilled at Ngalia Basin.This may also be a reason for part of the panic selloff today.
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Ann: Second Quarter Activity and Cashflow Report , page-7
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