Their resource is .88% Ni which is a bit low for U/G mining ...perhaps 1% Ni eq ..
I'm no geo but as I understand it Ni deposits out of a "melt"on cooling .There may be a source for that but as I understand it there doesn't have to be .A source for the melt certainly but the Ni is just part of that and congregates in higher concentration at particular locations.
Would preffer to see LL put on the backburner until such time as either the Ni price improves or the company generates money from some other substantial source to fund comprehensive drilling .
The Cu/Co project having much bigger widths , easier to hit seems to me a lower risk because THAT's what it's about .
The risk of using up all your cash in one or two quarters , not being able to permanantly excite the "punters" and having to cap raise again at a lower price diluting in the process .
I'm suggesting some caution and BEST use of cash .
Not impressed with expensive drilling that really hasn't accomplished much.
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Ann: Lynn Lake drilling intersects further massive sulphides, page-58
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