I like the first results, positive in many ways. I think that ~50% of the jrs explrs return with dry cores after drilling, I should know I bought their shares ! :(
Found an interesting peer, note the mineable economic Ni grades in the PEA.
- The Preliminary Economic Assessment (PEA) of the Zebediela Project projects a pre-tax and preroyalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate.
- Indicated resources stand at 485.4 million tonnes at a grade of 0.245% Ni with additional inferred resources of 1,115.1 million tonnes at a grade of 0.248% Ni.
- Using indicated resources only, a proposed open-pit mine is envisioned with a 25 year mine life producing 56,600,000 lbs of recoverable nickel per annum.