That poster who tipped 180000t said he was going off an SG of about 5, when it will be about 3. So that calls into question the rest of his calcs, but I agree with the final number.
I'm at 6m t @ 3% Ni equiv. That is only for C1 south of the fault and not including any disseminated ore. So that is also a final number of 180000t of Ni equiv.
As for costs. Due to potentially low concentrating costs I'll guess cut-off grade could be a moderate, 0.5% Ni equiv. Which at today's prices is about $85 per ton of ore.
So if those generous numbers come good, and everything works perfectly; then hypothetically, if they process a generous 500000t of ore pa for a 12 year mine life (pending more discoveries), then profit could be about $200m p.a less the return of capex, presuming that is funded by debt. Capex will probably be $500m+.
Caveats in all those guestimates there - it is early days.
SIR Price at posting:
$1.97 Sentiment: None Disclosure: Not Held
