Announcement out....... at least 10 weeks to get mining lease renewals. Completes a scoping study. Needs US$626m to US$860m capex to build a project. A pretty big amount for a tiny company like RMI. Nickel resource grades look too low at 0.85% vs Ramu at 1% and Goro at 1.6%. Remember this is remote Papua New Guinea. Not an easy place to get a project happening.
Announcement out....... at least 10 weeks to get mining lease...
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