PINL:WNARF - Post by User
Post by
Tobuyornoton Jun 13, 2009 11:56am
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Post# 16068229
RBC coverage -- Conference
RBC coverage -- Conference$0Western Areas NL (ASX: WSA; TSX: WSA) - Craig Oliver, CFO$0$0$0Company believes it is on track to be Australia's second-largest nickel producer by 2011 after BHP by reaching 35,000 t/y Ni production$0$0$6/lb nickel was the key price at which the company would restart exploration activities$0$0The company believes it may have stumbled on a high grade nickel discovery in the Central Yilgarn Nickel Province (region is approximately 500 km long).$0$0Up to this year, company has agreement to sell 10,000 t/y Ni in concentrate to BHP; beyond 2010, company is looking to sell concentrates in excess above 10,000 t/y Ni to other smelters, including smelters in Sudbury and China.$0$0$0$0$0