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08:06
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Originally posted by Fredwah:
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SW has talked up Vietnam as a district scale nickel zone, yet hasn't secured a single new tenement in how long? Whilst Wabowden "secures" nickel supply, it'll blowout CAPEX and OPEX by requiring another concentrator plus shipping to get the Ni Conc to VN for refining. Wabowden has 3 x Ni tonnes @ 1.5 x grade vs Ta Khoa. Surely SW needs to run the option of setting up the refinery in Canada vs VN through the DFS process to fully access the best option going forward if he's doing his job properly. This would probably lead to a 6-12 month delay in releasing the DFS, and therefore partner announcements. It'll also require an additional $20-50M to get Wabowden to DFS level on top of the $30M payment due on closing that deal.
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If SW can get thet elusive partner it will be a whole new game.
