Hi Choo,
$250 million is correct for in-situ Nickle. Hartleys valued at $25M and included notes in their recent report that there are no development plans as yet:
The valuation only includes a discounted in-situ value for the Nepean Nickel deposit
of A$25m.This is equivalent to 10% of its contained in-ground metal value. We see
good potential in increasing this value as potential development plans become
clearer.
Report dated 29/1/2010 --> http://www.focusminerals.com.au/LinkClick.aspx?fileticket=QCNnkibnR5k%3d&tabid=253&mid=798
nepean nickel mine, page-5
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