I don't think is was misleading. Possibly not quite as good as some might have hoped.
Fairly low capex, particularly compared to ANY laterite project and a good number of sulfide projects.
Key issue will be moving resources from Indicated and Inferred into the Measured category. More tonnes in Measured equals a much lower assumption uncertainty.
Bring on the infill drilling results. RC exploration: meh. Good exploration results will be nice but not the main game at this point IMHO.
DYOR, YMMV, not investment advice etc etc
Ann: Jaguar Nickel Sulphide Project Scoping Study, page-26
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