The limonite is an interesting one. It's not a market I know a lot about.
Initial contract for 150,000 wmt (2.14 m wmt stockpiled).
Reading this from Nickel Asia:
https://www.bworldonline.com/nickel-asia-swings-to-profitability-on-higher-ore-prices/Broken down, the company said it exported 845,000 WMT of saprolite and limonite ore at $44.86 per WMT for the period, an increase from the 702,000 WMT at $28.67 per WMT in 2020.
Nickel Asia said it also delivered 1.98 million WMT of limonite ore to the plants of Coral Bay Nickel Corp. and Taganito HPAL Nickel Corp. at an average realized price of $7.96 per pound of payable nickel, higher than the 2.08 million WMT at $5.80 per pound of payable nickel the year earlier.
Different company of course, but could be a nice little earner on top of our normal production, and reading from the report, basically costless (i.e. effectively waste from our current production).
Also reading the quarterly in more detail I'm seeing Justin's enthusiasm for 2022:
"With our existing operations performing exceptionally well and generating strong levels of operating cash flows, Angel Nickel fully-funded and
on schedule to more than double our production base from Q3 next year, the Company and its shareholders can look forward
to an exciting next 12 months"
Exciting times, nickel price stays up and we're gucci.
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