As a lateritic deposit the nickel grade in the PD results IMO is...

As a lateritic deposit the nickel grade in the PD results IMO is ok but not great despite good cobalt results. To maximise commercial potential would be expecting them to produce both nickel and cobalt, so the sulphide deposit at Blair could be become a commercial driver here as now see synergies between the two to provide for greater possibility for commercialisation (obviously synergies is where the laterite and sulphide synergies can occur, and I use the word can carefully here, as some capex will not be duplicable for both projects given different rock structures (laterites versus sulphides and capex for laterire deevlopments is greater than sulphides). Now await the BD results as will provide a better guide. Obviously the above is provided on the basis that the upcoming BD results are good. All IMO

That is cut off grades for lateritic deposits are higher than sulphide deposits. All IMO