From the other thread - My thoughts?
2.38mt at 0.72% Ni = 17136t of Nickel. At current rate of ~$US12500 per tonne = $214.2m worth of nickel in the ground. My back of the envelope costs to get that out of the ground were a few mill from memory.
Plus BCL's opex for trucking etc (no idea) but in my opinion definitely makes BML's $5.6m market cap look underpriced.
Anyway, at least we have some real figures finally... Looks like market doesn't like it though. Youch
JORC Closest to Pin, page-56
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