Ann: Carajas Activities Update , page-5

Good update re: copper.. Interesting update re: Nickel. They are right, it is there, but they haven't found the good stuff yet.

"With nickel exploration success likely requiring increased drilling expenditures and cognisant that copper developments must not be compromised, the Company is investigating alternative funding options for the Touro Nickel Project. The Company has recently signed confidentiality agreements with a number of groups looking at potentially joint funding exploration programmes at the Touro Nickel Project."

They're still pretty convinced they'll find commercial quantities of Nickel so it seems