article on lanfranchi project, page-3

Fair enough re the apples versus oranges on the relative purchase price (due to different nickel grades)

However, look at the huge profits each of the juniors has made/ is making based on those purchase prices. To me, any purchase in that range is excellent value - if you believe in nickel.

If nickel prices stay healthy, Lanfranchi will bring the cash in. I would not be at all surprised if the bank requires some substantial additional hedgin (at current healthy prices) in order for the financing to be debt only. This is probably good for ensuring the sums do add up.

Cheers

Rosco