Typically a laterite that requires a pressure leach circuit will be more capital intensive and longer lead time to full production than a sulphide. This is due to added circuit complexity and longer lead times of key equipment. That’s not to say laterites can not hold high valuations as seen from local peers. There are always a few exceptions to the above.
Ann: Drilling Confirms Significant Ni-Co Discovery at Itapitanga, page-107
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