SIR 0.00% $2.52 sirius resources nl

Even though SIR has just scratched the surface, one of the most...

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    Even though SIR has just scratched the surface, one of the most interesting items mentioned in the presentation is about the tenor of the host rock. In most Australian nickel mines the hanging wall & sometimes the footwall tend to be very weak, which when bulk mining leads to severe dilution of the ore. To counteract this a small fortune must be spent on ground support, both in the initial development of the mine and then the stoping of the orebody.IE BHPs Perseverence nickel mine & multiple mines in the Kambalda area. Nova is the reverse with both HW & FW very competent. In the future when mining commences the cost per tonne mined will be very much on the low side. In fact over a 10 year minelife savings could be as much as the start-up cost of the project.
 
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Currently unlisted public company.

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