King for a day perhaps.
Grades are only part of the equation.
At current cut throat prices there is probably no nickel producer in the world which has a profitable operation - witness the closures, mothballing etc.
At these prices you would need impossible grades to make a dollar.
However when the supply/demand balance tips in favour of demand and prices are buoyant then grades become progressively more irrelevant - because then prices are king.
The big question is - is there metal in the ground? If yes then the rest is just trivia.
As you know I do not buy the concentrator stuff - too expensive to build and too expensive (in oz) to operate and too messy.
As prices firm then so will the case for a dig it and ship it operation.
Anyway we need not bother ourselves - the big players will have had all this worked out and decided pretty much from day one.
No investment advice here.
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