Well Allegiance Mining spent $852M to develop the mine in 2006, a concentrator with 900,000T capacity per year which can be modified to 1.5M T producing over 20% concentrate per year just under 9,000T from 1.2% nickel ore, similar to POS and the Daws boys are looking to pay $40M ...
Well is that not a bargain ???? Looks like they are seeking $33M in finance, but is that cheap or what???
Some modifications to the milling circuit Doug says and should be all good...
Good Luck to them !!!
and the winner is….., page-46
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