Your right, they do not have a JORC for San Jorge and nor have they released a PFS or FS publicly for San Jorge on its own, but who to say they don't have there own internal economic studies and provide those to institutional and sophisticated investors.
Given they prepared a PFS for the "combined" Isabel Nickel Project in Aug 2016, I reckon they would know the economics of the project back to front by now.
To be honest, we all know that any larger capital injection is likely to come from off-take partners or forward sale agreements with large commodity houses like InCor or Gunvor, Chinese and Japanese smelters.
But if your still in doubt, why don't you just pick up the phone and ring them?
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- Ann: Mining Lease Granted for Isabel Nickel Project - San Jorge
Ann: Mining Lease Granted for Isabel Nickel Project - San Jorge, page-196
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