Listen to facts fuc.k the BS major collapse in the price of nickel in 2007 through 2009. !!!!
Shortly after completion of the RCI report, Blackstone shelved the projects due to the major collapse in the price of nickel in 2007 through 2009. The permits were recently finally cancelled by the Swedish mining authority and both deposits came open for staking.
The Lappvattnet and Rormyrberget deposits are both magmatic nickel sulphide accumulations with tectonic, structural, and geological similarities to documented Ni-Cu mines. The deposits occur in ultramafic intrusions hosted by metagreywackes and biotite-graphite gneisses. Sulphides consist of pyrrhotite, pentlandite and chalcopyrite. The Lappvattnet is largely a massive sulphide body that dips steeply to the south and plunges shallowly eastward. Mineralization at Rormyrberget consists of both massive sulphide and wider disseminated zones.
Next Steps
Once market conditions improve, the Company will evaluate its options moving forward with the Lappvattnet and Rormyrberget nickel deposits. Current and future options will include seeking a partner or purchaser for these assets.
COME ON DOWN ELON !!!