My take on this Ann:
CTM were punching above their weight. I assume a lot of these delays had something to do with Vale and their influence. A lot of time and effort and cash would be required to get this drilled. That saId wIth gold running hard we could be giving up the motherload. I think CTM have been outplayed with this but sometimes it is impossible to fight the system. Vale is ingrained in Brazil.
Positive. Nickel will be in shortage in coming years. Not enough supply coming on to meet demand. If this is played right and we can get this running it could mean a mid cap company maker right here. whIch would mean another 10-20 bags feom these prIces. WIth hIstorIcsl drIllIng done It would also mean thIs wIll
happen alot auIcker wIth less CR then salobo.
My fIrst question though Is how thIs affects our JV wIth simulis? I thought we had to offer optIons to them If we went thIs dIrectIon
Anyway I am on the fence wIth thIs. I assume we wIll see some selling from those waItIng for salobo
All IMO. Gltah
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