FML 11.5% 11.5¢ focus minerals ltd

nepean nickel mine, page-5

  1. 184 Posts.
    Hi Choo,

    $250 million is correct for in-situ Nickle. Hartleys valued at $25M and included notes in their recent report that there are no development plans as yet:

    The valuation only includes a discounted in-situ value for the Nepean Nickel deposit
    of A$25m.This is equivalent to 10% of its contained in-ground metal value. We see
    good potential in increasing this value as potential development plans become
    clearer.

    Report dated 29/1/2010 --> http://www.focusminerals.com.au/LinkClick.aspx?fileticket=QCNnkibnR5k%3d&tabid=253&mid=798
 
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