NIA niagara mining limited

windara facts

  1. tcf
    6,868 Posts.
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    windara is (not was) a most successful nickel producer

    it was closed by WMC because of mining difficulties - not mining imposibilities or nickel exaustion - and nickel prices were at significant lows. Like many mines at the time Windara was non viable. nickel prices at $12000 - $15000 ton were seen as prices that would produce a succesful profitable mining operation. Current $49000 ton put this project into the bonanza catagory.

    the companies initial heap leach project is months away and requires no mining - it is front end loader stuff.

    WMC had not explored the tenement for some 20years when NIA purchased the lease.

    WMC has off loaded many old nickel mines around Kambalda in the last 3 years and each have been mined profitably since

    Windarra will again - within only a few months - grab the mantle as a significant nickel producer.

    silver and other base metals will be found in this current drill program. A few weeks ago 1 drill rig was on site. Since Forrests involvement 5 rigs will be on site within days if not already.

    Gold ore stockplied on the Co's mineral lease will be processed in a short time

    NIA's gold assets in Africa have not been quantified either and have not been factored into the share price.

    The proven track record of Windara has never been in question. NIA management capacity and capability combined with lack of funds and technical support in a tight workforce market has crippled the advancement of the project.

    All of the doudts of the recent past have been removed by the Forrest intervention and nothing will stop this train. If your not on board then you will be the one who continues to post negatives on this board while holders just smile.

    Once again this is not a greenfields blue sky proposition - it is the reopening a very successful nickel mining project and the sky is now the limit for shareholders.
 
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