For those who haven't a clue what Chrisman just said, HNC and ENC are high pressure acid leach plants. HPAL is an alternative way to refine nickel and cobalt from ore - distinct from the electric rotary kiln method. NIC has an interest in both HNC and ENC plants. HNC is producing and ENC is yet to produce.
NIC's primary income comes from their ore mine and the electric rotary kilns they have major ownership of.
Ann: Quarterly Activities Report, page-57
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