Ozbucheron, yep all good queries, but I'm really not the one to give the answers, I'm certain Damon could oblige, however.
I understand your scepticism and prudent tyre-kicking, but these blokes are well qualified and are doing the work.
Many of the pertinent questions you pose are precisely being interrogated by the Stage 3 Met currently underway. So you're jumping the gun a bit.
My understanding is that the industrial aggregates and magnetites certainly have a ready market, and yes, there are processors (Indonesian, Chinese - possibly even domestic) in the market for said 1.5% Ni cons.
We can quickly and cheaply flesh out the rare earth oxides distribution by re-assaying existing pulps. I think the idea is to do that once we have a clearer notion of the concentrated REO grades from the test concentrates.
Anyway do remain interested. There's a lot going on here, and extremely credible (and committed) guys running the show.
Check out the timeline "Metallurgical work precursor to Scoping Study" (p.8) in the latest Presentation. You'll definitely need to enlarge the slide several-fold to take it all in - but it gives a good sense of the momentum.
Exploration work a whole other layer.
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