Ann: Isabel Nickel Project - negotiations and funding update, page-71

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Redpapa

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13/09/17

11:35

Post #: 27181734
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Originally posted by mboose ↑

Rusty' s more than capable of competently supporting his views but I will add these views.
The Isabel Nickel Deposit under the previous international tender terms included the 3 nickel deposit areas of Takarta, San Jorge and Jejevo as per the Inco exploration works and Kaiser feasibility study.
The economic viability requires the 3 areas.
Sunshine holds the Jejevo area.
AVQ holds San Jorge.
Takarta is open.
Looking at Sunshine's BOD is fascinating. Has a depth of international experience including a Don Tolia who had a long and very respected career at the top level of SI gov't. Had years within the SI Mines Dept specifically. He must have stepped/induced out of public sector to join Sunshine. Begs the question, what role did his earlier reputation play in Sunshine being granted licence over Jejevo?
Is his presence with Sunshine playing a role in SI gov't not processing AVQ's application over Takarta?
More worrying is the economic break up of ownership of the 3 nickel areas.
AVQ's exploration works over San Jorge seriously demonstrates San Jorge's economic inability to stand alone.
SMM has stated that the results of its exploration works (among other factors) over Jejevo did not warrant them holding so they relinquished their licence there.
Clearly there are many unknowns that will influence the future including Ni price, tenements ownership and finally future drilling results.

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do me a favour - talk with Hotcopper, start a new entity thread called 'Sunshine' and take all your Sunshine buddies on the AVQ thread with you for your Sunshine discussion

rant over

AVQ Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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Ann: Isabel Nickel Project - negotiations and funding update, page-71

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