palmers 3.38billion dollar bonus

The Sherlock Bay nickel deposit contains over 100000 ton of JORC compliant resource of nickel.At this moment with any dealing to aquire 76% of ARH Palmer would attach no value whatsoever to this nickel deposit. The contained nickel is worth at todays price $15 usd per pound which is worth $4.5 billion aud.The day shareholders approve the deal with Mineralogy it will have a real value of $3.38 billion ie (76%) to Palmer. Just think if the deal with Citic on the second billion ton of magnitite is done palmer gets another cheque for $290 million in the pocket on top of the first $290 million and keeps 76% of the Balmoral deposit,with a port facility financed and built by Citic which Palmer still retains ownership of because he owns the leases. This would be good for ARH as Palmer would have the horsepower and willpower to develop the Sherlock Bay nickel project which has a port facility 160 klms down the road.By now all the leaching and acid regeneration testing shoud be completed and there would be no reason why this project woudn,t be feasable as it was when nickel was at $11000 usd per ton.