nickel strategy: pick out the best!

http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=266805

Extracts:
1. "The first step in this direction was the acquisition earlier this year of a strategic 15% interest in the specialist nickel sulphide explorer, Mithril Resources Ltd, which represents a low-cost, low-risk but potentially high reward investment in the Australian nickel industry.
Headed by former senior WMC Resources exploration executives, Mithril has an extensive portfolio of
nickel-copper exploration projects in Australia as well as exclusive access to BHP Billiton’s extensive
Australian nickel database under a unique Strategic Alliance. Consolidated will be well positioned for joint
venture opportunities with Mithril for nickel projects where BHP Billiton elects not to participate.


2. "Consolidated also recently concluded a $6 million Joint Venture with ASX-listed Austminex Limited to explore in and around the previously successful Nepean Nickel Mine, located near Coolgardie, which historically produced 1.1 million tonnes of nickel ore at 3%, worth approximately A$500 million at today’s nickel prices and dollars.

The mine has the potential to be redeveloped as an open pit operation as well as significant exploration potential, both to extend the deposit at depth and for the discovery of additional Nepean-style ore bodies".


3. Other assets include a 20% interest in coal producer, Donaldson Coal Pty Ltd, which produces 2.5 mtpa of
thermal coal from the Hunter Valley in NSW and a 20% interest and strategic alliance with ASX-listed
Reed Resources Limited (ASX: RDR), including an option to explore & develop potential titanium-nickel
projects in Western Australia.


4. TIR JV

5. REM takeover?
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DISCUSSION: The Mihtril shares were first bought on 9 June (14.9%). This increased over time and is now 6.454 mill shares or 19.56%.

If the REM takeover goes ahead then CSM may make an adjustment here or there, perhaps. Whatever, they will be busy people!

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.