Gday Nice One.Yep your right about production and No...

Gday Nice One.

Yep your right about production and No shares.
Production costs $2.20/tonne. Lowest in Aust because the size of orebodies are huge- up to 85m wide. The ore is in a form not found anywhere else in the world, and after proccesing gives the purest product found anywhere - hence premium price.

Plenty of potential for increased production levels, geologists believe company will be 3rd biggest producer in Australia within a few years, but this has not yet been proven, although drilling so far suggests they might be right.

Production to commence later this year. Directors have stated that a dividend will be paid IN THE FIRST YEAR providing all goes to plan, which is amazing (to put it mildly), dividend may be only 10c per share because the processing plant will only have been operating for half the financial year, and half the profit will need to be kept for working capital. (At nickel price $25000US).

So lots of potential here.