Npv was $44million with Capex of $360million over 2 years ago. Given the cost escalation since the CAPEX is most likely over $500million now and even with higher nickel and cobalt prices is unlikely to be developed. Grade is king and they do not have the grade
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- MTJV - Maiden JORC 2012 Probable Ore Reserve = 18.8 million tonnes of Nickel @ .54%
Npv was $44million with Capex of $360million over 2 years ago....
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