12th August LME prices for Nickel and Cobalt (cash Buyer):
Nickel : 21grand (US$/tonne)
Cobalt : 38grand (US$/tonne)
Anaconda confirmed 49 Million tones of ore grading 1.22%NI and 0.084% Co.
JORC 2009 I am only including indicated resource (RMI 2009 Dec report)
Indicated resource:
388,480 Tonnes Ni Cut off 1.00%
21,840 Tonnes Co Cut off 0.06%
So if they mined that all today and sold it it would be worth:
My first calculator gave me an error. Now the scientific calculator $(US):
Ni: $8,158,080,000
Co: $829,920,000
So if I have not stuffed up with my interpretation of the figures, RMI has a nice resource. This does not include all the cost to get it to sale.
It does look interesting
12th August LME prices for Nickel and Cobalt (cash Buyer):Nickel...
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