Ann: Wabowden Nickel Project Option Deal Investor Presentation, page-8

CTM has one large continuous bulk deposit, where the majority of the resource sits close to surface. From memory, Jaguar mine plan has a >300kt section that is sitting <150m from surface at a headgrade above 1%. That would warrant a low cost operation possibly in the first cost quadrant.

I didn't have much time to go through the Wabowden deposits, but they look to be lower in grade and much of the resource seems to be sitting in UG deposits. This leads me to question if this operation can be run profitably on the current nickel prices especially after seeing the struggle at Panoramic recently.