Ann: Drill Targets Finalised for Upcoming Drilling, page-14

paperbark..."there is absolutely nothing in terms of Economic Possibility"

things could change with the nickel price, and i believe they work on the experts opinion of the expected nickel price at some point in the future, not the price today, so they are seem to be willing to keep on drilling and add to "resources" regardless of todays price (but is it really a resource if it becomes unminable at depth?)

they could keep on drilling deeper and define a resource grading 0.52% nickel eq to 1km depth, but wait...recoveries of the main pay minerals are only about 0.77%, so that reduces to an effective grade of 0.4%, where do they draw the line?

it's about time some experts worked out some sort of tables of depth v recoverable grade v price to take the guess work out of it for shareholders to know when these companies are just having a tug.