Thats the point .Every other laterite project will need $1.5-$2 Bn to get off the ground ,but there will be no choice .They cant all fail ,and I expect Wingellina will be at the lower end of the cost curve for Laterite producers . I believe MLX are doing studies to see if it is feasible integrate Iron ore into the mix .This could be taking some extra work ,and they may wish to announce their findings with the feasibility . I expect the feasibility to show sound economics at present nickel prices ,and when nickel prices normalise at higher prices would make Wingellina very attractive ,as a long term nickel producer.
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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