I'm finding it interesting how the market absorbed all the...

I'm finding it interesting how the market absorbed all the selling over the last couple of days. Yes the price is down to where it began, or nearly so, but a great number of buyers have stepped up to take the shares off the sellers, instead of the price really plummeting. So it maybe someone big is happy to take on the shares.

BTW, on the scoping study, looking at the numbers closely, the total revenue figure allows for smelter and refinery cost, because using the Wood-Mackenzie numbers and the tonnage works out to over $8.7b (before adding Au, Pt ,Pd +Co credits) not the $6.7b revenue mentioned in the study.
I also worked out the costs are much higher than they need to be, basically 50% of mining and processing costs are fuel based. Spending extra on Wind and Solar as well as the generators as back-up, so an extra $150m cap costs, could save the best part of $60m/yr.
Transport costs because of the low grade concentrate seem exorbitant, though it may include FIFO as a transport cost, I'm not sure. Does anyone in the industry know if that is so?
The grade of nickel mined seems very low compared to what is in the resource base of 58mt, being over .5%, yet they are only including a value close to the 200mt percentage of .41 and .42, so definitely room for improvement there.
I also hope they can find the correct set of numbers using current prices to make money. My personal view is a plant at least twice the size, with no more than 25% extra employees, plus using as much cheap solar and wind power as possible is the way to go.