As it stands with todays price of Nickel @ $44,600 per tonne, Young is worth $71,360,000,000
If it averages $34,170 for 2007, it's worth $54,672,000,000.
The general consensus is that nickel prices are going to stay high for a considerable time.
The following is taken from an article in The Australian.
" Those in the nickel business say building all the infrastructure plus the complex laterite treatment plant could cost something in the vicinity of $2.5 billion.
It would be at least seven years away from development, probably more like 10.
But Jinchuan thinks long term. Nickel will still be in demand a decade from now. And this in Western Australia - not Bolivia and not the Congo. It may be a difficult project but a safe one politically.
And Wingellina does contain 2 million tonnes of nickel and 150,000 tonnes of cobalt. That's big".
IMO, I can feel a deal/JV coming on and I don't particularly care who bosses who around. As long as they get the stuff out the ground!
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Mkt cap ! $32.43M |
Open | High | Low | Value | Volume |
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---|---|---|
2 | 750000 | 1.1¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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21 | 8945067 | 0.010 |
15 | 4715098 | 0.009 |
8 | 4351388 | 0.008 |
4 | 3718571 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 3865900 | 12 |
0.013 | 3066371 | 12 |
0.014 | 3491080 | 8 |
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