$13 bill jorc feas due end 2009. 1cps , page-16

Think this probably is economic even at 0.8% Nickel. If Ni reaches $8/pound soon (likely) then each tonne = US$140 + Cobalt credits.

Ni price likely to go higher and the chinese will be interested in securing further sources of Nickel in the future. No doubt about it.

Huge resource and even if this is JV 50% to RMI then expect RMI sp to surge. (Given they have gov approval - surely just a matter of paying the right amount to the right people in PNG - Chinese are probably accustomed to this way of doing business.)

1.5 million tons Nickel total resource. IGV only about US$26 billion at current Nickel prices.

This is not a ramp. These are my opinions based to the best of my knowledge and fact. This is why I have bought RMI.