Agree, having done some DD recently, I believe the met work is advanced to prove up this remnant resource.
The remnant resource of approx. 600,000 tonnes of ore at 2.2%, which is the 13,250t Nickel metal is JORC (2004) referred to.
Once this is proven up, its significant numbers.
13,250t x USD 30,000 = USD 397,500,000.
Given the state of the world, and reality check that Security of Supply is important, my money is they are on top of this right now.
They know the company needs a kicker, and what better than a shallow pit nickel mine at Nepean...known remnant resource.
Very interesting at least, and why would they just sit on this given the price of Nickel. $$$ in the door from an off take deal means pretty much no more need to tap shareholders as well. Lets see.....
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