Yes !!! The article basically states Windarra is an expensive mine to extract nickel from.
" At today's nickel prices of $US 23/ pound the deal looks comfortably profitable.But, what happens if nickel reverts to its long-run price which used to be $3.50 /pound?.
The answer is obvious because at $US 10.30/ pound Windarra is a very expensive nickel mine, made to look good by the boom. "
All booms have cycles, the question is when will this one be over? When will nickel prices revert back to the low's of before so this mine is not productive ???
NIA
niagara mining limited
