this would be a safe project for CRG because of low production costs and many years worth of resources.
Not sure about the the large high pressure plant though.
With low nickel prices the BHP nickel plant in Ravensthorpe
has just hit the top end of the break even mark so if prices keep falling it will start running at a loss.
Cawse Nickel funded by the Russias Norslik has given it till christmas to turn around and start making money,only problem is the autoclave has just failed and will cost another 10 mil to fix.Workers will know within two weeks if there going to fix it.
Murrin Murrin is on the edge.There has being alot of complaints around town that there not paying there bills on time so contractors are not paying theres.
What im trying to say is,if the technology(JV or JRV) works
its going to be a safe company to be in.
Shame they cant do it alone.
announcement, page-20
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