70 bn dollars of nickel cobalt .mk cap 400m, page-6

  1. 7,163 Posts.
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    The best thing is to read the last qtr activities report and also southern cross equities research report on the Metals X website .Its an eye opener if you take the time to absorb it .Basically, the resource is proven ,there has been a scoping study performed showing excellent economics at $20,000t nickel ,and $15lb cobalt prices . Nickel is around $30,000 ,and Cobalt is around $50 lb now Feasibility is well underway with the first part planned for completion in mid 2008 .detailed feasibility in 2009 .
    Metals X are well cashed up with $60 m just raised through APAC ,and Jinchuan .

 
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Mkt cap ! $576.1M
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