The Kuhmo nickel project is the sleeper here. It is definitely economic - consider the depths of these intercepts, there is going to be scope for an iopen cut. High grade, reasonable widths, and a US$50/t dig & mill cost per tonne equates to a very strong cash flow position if and when they get mining at Kuhmo.
It also seems that Azure Capital will be seeking finance for the project by the end of the year. The company already has most of the cash needed to stat the ball rolling - enough for about 25% of the costs. Environmental approvals, mining leases granted, a simplified and risk-reduced production profile and exposure to cobalt...its all looking very good.
I'm back in today.
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