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Ann: Access agreement signed for Thackaringa Cobalt Project, page-15

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teddy_afro

2,094 Posts.

272

13/06/17

16:17

Post #: 25249887
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Originally posted by aiki99 ↑

The nickel and cobalt grades of all the NSW laterite projects are marginal. Although cobalt prices are high, nickel prices are in the toilet and likely to remain there for many years. If Sumitomo and SCY get into production, revenue from scandium is also going to be minimal in the next 5-10 years until the scandium market grows.

I personally can't see anyone being able to fund a $800M Ni-Co-Sc project on the grades in NSW any time soon. The last 3 Ni-Co laterite projects (Ambatovy, Ravensthorpe, Gordes) have all been disasters and they were on much better head grades. Goro and Ramu-Ramu were also troublesome.

And these NSW projects are all in premium farm land. The greenies and the NSW farm lobby will have a field day when these projects get close to production.

Cobalt near Broken Hill seems a safer bet for a junior mining company to me.

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AUZ Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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