Makes about as much sense as shipping 0.2% Ni dirt.
An attempt at hyperbole I assume.
For my own interest I have done a rough calculation re income and overhead for shipping enhanced ore - errors and omissions excepted
I have assumed the enhanced ore would be 2% nickel and 3g/t palladium.
The ship would take 100,000 tonnes
I calculate gross income per shipload
at approx 67 million AUD plus odds and sods
Less:-
Mining and transport costs
Shipping costs
An objection raised previously was that the foregoing did not take into account processing costs in China - but no evidence of these costs was advanced.
The point of this exercise is to satisfy myself that even at the current metal prices there is still a quid to be made in the dig and ship model.
No investment advice here
CHN chart, page-6146
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