Ann: Strategic Review of the Savannah Nickel Project, page-9

Price of Nickel killed the Sulphide Miners in OZ .Look at WSA, if it wasn't swallowed by IGO,
it would have suffered the same fate as PAN.
Same with MCR with Concentrate problems, saved by Wyloo t/O.
Now even IGO Nickel mines are marginal profits just like PAN.
With inflation that escalated Costs and a PoN tanking because of Indonesia
about to flood the market with Class 1 Nickel, what are the chances of our
Nickel mines here in OZ. Lot more will throw the towel i guess. Survival of the
fittest. But in a few years no doubt Nickel will skyrocket.
Hopefully someone will buy PAN to give sh retturn even just at current SP.