ASO - Media, page-109

Margins are very impressive

Estimated costs as per MRE and above video presentation.

Estimated operating costs are incredibly low due to open pit and cheap hydro power on site, estimates come in at $13 per tonne ( mining costs $4 + processing costs $6 + G&A $2 + selling cost $1 = $13 per tonne )

To calculate margins is simply (.3% nickel x Nickel price x 70% recovery = Significant and robust margins )

Then estimate size of plant 10, 20 or 40 Mtpa

This project is going to be a long life, strategically significant Nickel producing Monster.