Lybovnic Nice interest today !!I came across some info today on...

Lybovnic
Nice interest today !!

I came across some info today on Argosys New Cal mine Nakety/Bogata.
It was sold to Norilsk a couple of months ago for about A$90 mill. They have approx 250 mill tonnes at @1.5% Ni laterite requiring HPAL.
The 250 mill tonnes is nearly ALL INFERRED (Wingellina so far as 124 mill tonnes measured and indicated with the aim of 500 mill tonnes at that JORC standard - the recent drilling averaged 1.5 % Ni).

So this idea that the major players will wait patiently until AEX have measured 500 mill tonnes ( DEC Q ) to JORC standards - well I doubt that very much.

Remember the Wingellina advantages - No HPAL/much less enviromental risk/huge tonnage etc.
Norilsk paid $90 mill for this partly proven up (inferred) HPAL project - what will they pay for Wingellina ?


PGEs report due this Q - July 31 at the latest.
Uncle Eg has something up his sleave.