Sally Mallay Mining made an annnouncement at 11.09am this morning that they have signed an off-take agreement with a Chinese company for the life of the mine. According to the announcement, based on the resource and based on current world Nickel prices, this equates to a deal totalling at least $420M.
The market appears not to have digested this information although I guess that will not last long!
Have a look into it, do some research and then see what you think.
Cheers
Bingo Bango
P.S. I must declare that as about half an hour ago, I became a shareholder of SMY!
SMY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
