Question - Nickel Laterite, page-2

Short answer Laterite. We will be using Direct shipping method to start. We are on the edge of the water with deep port water from both sides fit ships. Hence the reason for 12-18 moths production time at low costs. If we go down the path of JV then we may process the Nuckle which will be in high demand by then. If we direct ship the Nickle we make about 60 plus million per year, (that's on the old Jorc of just 1%. Now we have well and truly doubled that % in Nickle with the new drill results so far and we are at the bottom of the ridge sand grades could get as high as maybe 5% some Geo"s have mentioned. Now if we do get a joint venture and we process the Nickle we would make almost double the 60 million per year on the old 1% Jorc. So dyor research but Laterite is becoming very sexy at the moment and the old Jorc was profitable, imagine what the new Jorc could bring. Hope this answers a few of your questions.
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