Bingo. When in production the nickel price will probably avg >US$15k/t making the numbers even better. Remember this is a big open bit and the addition of King Cobra adds grade with a lower strip ratio for the first 5yrs.
MRE in a few months (2-3?), they're including King Cobra which has pushed back the time line and drill program a little.
I'm sticking by my call, around A$1 billion NPV.
Sleeping Beauty ASX BSX, page-739
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