Looking at the basic maths on grades and potential income mining 2500 Tonnes at 1% will gives 25 tonnes of nickel times $40000 =$1,000,000. If grades are 2% then $2,000,000. At 10% we should get a return of $10,000,000. This does not include other metals including Cu, Pb, Co and. Pt. At this stage cost of extracting and mining the ore are still open for discussion. Put in your own figures here. Given the grades that have been previously quotes are in excess of 5% for the high grade ore, ESR should be able to turn a profit short term. Looking forward to further updates. At this stage I am happy to hold.
Looking at the basic maths on grades and potential income mining...
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