Hi monark
You do realise the losses incurred with sulphide nickels in the grinding, flotation , thickner process? In case you don't because you haven't worked there, by the way I have in the 90's at that specific plant and was involved in the upgrade in the mid 90's, is 80-85% the second figure not achieved much. I have also been involved back then in the underground, winder PLC and vent fan upgrades for underground ventilation. So yes I do have a bit of background knowledge on the time and money it will take to bring those mines back online.
And as you full know, as you quoted the company anns many times, the price that Ni must achieve to be economical to come on line. For one of the undergrounds it is the same price as AUZ used as a LME price in BFS the other greatly more so. Thise two mines also as anned the Subs are underwater, hence unusable. It also costs a pretty penny to dig the new find and establish the infrastructure required.
But as we are both bullish on the future of the nickel price this is achieveable for both AUZ and the other company to proceed to project, completion and production phase.
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