RE: RE: RE: RE: RE: RE: FactGreat post jay
Thanks for the simplified geological explanations for us non-geology majors.
I completely understand the business and strategic aspects of this play but its always nice to have someone again break down the science (geology of each location).
What we do know is that we have a company that seems to have figured out a new, cheaper way of extracting this nickel alloy in an open pit mine (or atleast has the exclusive rights to the technology), a large partner with deep pockets and experience (with copper), who seems to be on board, and the first potential mine has a railways line a km or two away. Once we get the go ahead from Cliffs its open pit (quick development - low start-up cost), and transportstion is already in place (again quick development and low start-up cost, and cheap to ship this bulk product to either the states or Asia).
We have a head start on the compitition by two years (or so) on the process and what to look for..and are shopping for new properties around the world (btw, if you have not noticed a month or two ago Australlia just removed their controversial corporate mining tax that was to grind new mine development in that continent down to a hault - this timing opens a new possible territory for us) :)
All thats left in this process is to be sure that this process works in a cost effective way nd we have a licenses to print money long term.
With new nickel alloy drill results this month, hopefully gold drill results, and a meeting with Cliffs (who knows, maybe another installment cheque..not counting on it but would be nice) We could be under a dollar for the last time.
Again, no guarentees but I do like where were positioned