Deepdiver posted this on the INL thread.
Rattus rattus,
I hope I'm not pre-empting the Chairmans address but the figures for 2007-2008 is $1.7m gold sales(up 35% from 2006-07) still loss making!!. At least they seem to be going forward. AR, ASX announcement last week.
Rakali you fail to mention that JRV have 400,000oz which at current prices of A$1190 is maybe not such a millstone and perhaps may interest a JV partner.
With the weak Aussie dollar, nickel is about $A20,000 tonne which is not a bad price (it has been around $A18,000 this year).
Can you do me some figures on Pb & Zn as these would also have increased in A$'s.
Maybe INL's closure of Hellyer was not such good timing after all.
Interesting times ahead no doubt.
Good to have you back, this thread is lacking without your input.
Cheers
Deepdiver
Deepdiver could you please post your source for your calculation that at time of posting that the price of nickel was $A20,000 and that the average has been $A18,000 this year.
miners face funding fears, page-37
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