What? Those so-called by-product credit have only been found in limonite ore and the ore contains mostly nickel content so ask yourself who the hell is going to ship million tons of low 1-1.5% grade limonite ore to process only to get some of these by-product credit? If they were found in saprolite ore, that will be a different story.........
It's simply a smoke screen and when the quarterly comes out on Monday the pps will drop back to 10c.
SMM hasn't explored their tenements so it won't cost them anything and what is a few millions dollar loss to a multi-billion dollar company that is part owned by the Japanese government.
AVQ Price at posting:
12.0¢ Sentiment: Sell Disclosure: Held