Ann: NCZ GRANTED EXCLUSIVITY FOR POTENTIAL ACQUISITION OF GORO, page-65

Approx 79,366,414 contained pounds of Nickel is the saprolite bi product DSO worth about $109 million year at the current LME 25% discount rate of $1.375 per pound. Not a bad little bi product to add to the pure limenite ore (which at a conservative 30k tpa should gross $363 million). Haven't yet touched on the cobalt.

Although it is a laterite deposit the grade is quite respectable and the new plan makes lots of sense. The real treat though is that existing infra. Quite like Murrin Murrin deposit, slightly less but of a higher grade, albeit less grade than Koniambo. I only wonder why NCZ, and why not glencore for Goro?