zinifex bid in the offing , page-9

bigroddy about the same about of nickel in ground as MCR and SMY.. 1/3 the amount of OXR and 40% of JBM.. however they reckon only 12.5% has been explored. Grades average around 1%.. nothing to write home about. Has been trading at about 50-60% of the price of SMY/MCR until the bid. Hasn't started producing.. I would say a fairly low risk way to get into nickel but will be using up cash.. I think makes only sense to me in the context of raiding other small caps..