DEG 0.84% $1.18 de grey mining limited

market depth, off and racing, page-14

  1. 1,761 Posts.
    re: hottest nickel play to cptkid ..the study found the project and their patented process to be robust...all work has been done on the process right up to pilot plant testing in SA, all works fine.....but not economical to pla at present prices...a quote from pla was it was "oh so close".We have had a combined rise in platinum and palladum from those figures of 50 bucks since then.Remember that although thir process produced a concentate of near 50 %, suitable for sale straight to a refinery ,the cost of that was still in the study, which is why imo it may be just out of the money for pla but i reckon that it's goer for lonmin right now......but as i said 16m @ 1.5%nickel aint bad for a first hole....i've seen coys call a halt to annc less, they haven't seen fit to mention it hmmmm?
 
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