FOB production cost for Kolosori is around $12US and shipping cost is currently around $10US so AISC is around $20-22US, $40US is for mid grade laterite nickel ore around 1.4-1.5%, Kolosori grade is below that........IMO, it's not looking good for the Kolosori tenement.
AVQ Price at posting:
13.0¢ Sentiment: None Disclosure: Held