Can anyone give me sensible answer to what Nepean is worth to FML.? Probably not, based on the current answers offered.
Based on the information below and nothing really has changed regarding the current nickel price in OZ dollars.
I will keep it simple.
How much is Neapean worth to Focus.
A - $1
B - $100,000
C - 1 million
D - 10 million
How much would it cost Focus to mine it.
A - < 50 million
B - > 50 million but < 100 million
C - > 100 million
Being a non core asset.
A - Should they sell it.
B - Keep it.
Home » Our Projects » Nepean Nickel Project
The Nepean Project is located at the southernmost end of the Company’s Coolgardie tenement package. The Nepean ore body consists of two lodes of nickel sulphide intersected by almost horizontal pegmatite sills that offset the mineralisation. The Project is centred on the historic Nepean Nickel Mine, which produced 32,303 tonnes of mined nickel at an average recovered grade of 2.99 per cent Ni over a 17 year period to 1987.
The current inferred resource based on the mine’s remnant, transitional and fresh mineralisation measures 591,300t @ 2.2 per cent Ni, for 13,250t contained Ni.
In addition to the historical mine, which remains open at depth, the Nepean tenement package incorporates a 30 kilometre strike length of Kambalda-style komatiites with significant nickel sulphide mineralisation potential. This potential was identified by mapping, VTEM, detailed aerial magnetics and drilling along sections of the strike length.
A Bankable Feasibility Study comprising grade control infill drilling, mine design and processing engineering studies was completed in 2008 but due to sustained decline in the nickel price at that time, Focus took the commercial decision to defer commencement of full-scale operations until the nickel price outlook improves.
Nepean remains a strategic nickel asset which is strongly leveraged to the growth in the price of nickel.
FML Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
