Well Allegiance Mining spent $852M to develop the mine in 2006, a concentrator with 900,000T capacity per year which can be modified to 1.5M T producing over 20% concentrate per year just under 9,000T from 1.2% nickel ore, similar to POS and the Daws boys are looking to pay $40M ...
Well is that not a bargain ???? Looks like they are seeking $33M in finance, but is that cheap or what???
Some modifications to the milling circuit Doug says and should be all good...
Good Luck to them !!!
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