Let's not forget that these results are proximate to Ardea's KNP tenements. If the latter's Ni/Co laterite deposit ever gets developed (INCO/Vale spent ~US$ 50m on it last cycle before abandoning it when Ni prices fell 80%), this could be an attractive satellite deposit for it (same base metals/ore type); so capex considerations could be different than what they would be for a standalone asset. These are solid intercepts.
PIO Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
