Hi Rabbitoh, always possible, but I have been watching them for almost 3 years now. They have had a gradual build up of reserves, and it apears to be in line with production and price action of the finnished metal.
They have a good storey, and apparently successful
process.
I guess we can only wait and hope that the contract from China comes good. .... But even without that, Carr Boyd has more than a million ton of ore at 1.5% nickel. If they recover 1.3% at 400,000 ton per year will give them 5200 ton of metal/products.
At around $12500 per ton, should gross $65,000,000.
Not to be sneezed at.
And that should be a worst case scenario. I Hope.
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