Base on their report Ravengate is due to release for a new more robust resouce number base on .8% ni, from my recollection GME have over 1.2million tonnes of ni at an average of 1%. This is a world class reserve and with target production of upto 35k tonnes @ cash cost of about $2.40/lb after cobalt credits (does anyone know any miner that is cheaper?)this would make it the 2nd largest nickel producer in Austrlia and one of the lowest cost producer in the world. Still a long way to go, they need JV as i don't think they can do it alone but it appears the new CEO is knoweledgable in what he is doing and is doing his best to improve the marketability of the company to bankers.
Good volume again, I think the accumulators is still out there, just waiting for further good news before they jump on board.
resource upgrade not long
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
