"If we can demonstrate that it’s laterally continuous over something like 2 kilometres by a kilometre by 100 metres thick, that’s still millions and millions of tonnes of contained nickel."

So if 200 Million cubic meters of dunite = 500 Million tonnes conservatively.
Divide by 0.2% = 1 Million tonnes of Nickel contained .

Using $20k AUD/Ton conservatively = $20 Billion AUD

TIERS

These measure the “quality” of the project.

Tier 1 deposits are “Company making” mines. They are large, long life and low cost.

Using long run commodity prices it generates >$300-600m pa of revenue (i.e. >200 kt pa Cu or >800 kt pa Zn+Pb or >5kt pa of U3O8 or >250 koz pa Au) for >20 years and is in the bottom quartile of the cost curve. It has very robust economics and will be developed irrespective of where we currently are in the business cycle and whether the deposit has been fully drilled out. The resource is of a size/quality that it creates multiple opportunities for expansion.



I Don't know anything,