wingellina feasibility results, page-7

Hi Patty.
I took your overall comments to be positive ,but you still sound skeptical .This is in no way a ramp from the company .It is a very important ,long awaited feasibility study into the economics of this huge Australin project that has never been taken seriously through general broker ignorance .MLX didnt do the study ,but experts in this field did .MLX have solid support backing with Jinchuan and APAC and those interest will ensure financing options .
The results show that the economics will be on par with the best Nickel projects in the world and probably overall better than any Laterite project in the world .It has been unfairly lumped in with the other Laterite projects that are all much higher cost .
The feasibility study backs what I have been harping on about for ages, that this is not your typical Laterite deposit .The bottom line is that it is a vey low production cost project and will be profitable even in the most severe downturn .For me that is paramount before I will invest in a miner .When you look at MRE and PEM etc you can see how precarious their high production costs can make their viability in an extended downturn .
I am very satisfied with the results and the quality of the announcement which are in line my high expectations. This is by far the best value miner in the ASX ,and should never have been so mispriced .
The bottom line is that there is a line in the sand at $8 lb for nickel ,Below this price would send many nickel producers broke . $3 lb production costs will ensure Wingellina a place as a world class nickel producer in the future .You cant ask for more than that .