RE: Nickel Price18 Jun 2018 16:34
They stated WAY back in mid-2012 that they had carried out a study to establish cost estimates on the Junior Lake nickel project(s). That being $12,000 per tonne to include operation, refining, transportation & smelting. I assume that figure has increased a tad over the past 6-7 years.
Today's spot nickel price is circa $15,250 per tonne. Nice potential margin BUT it is worth the stated plant cost/investment of approx $50 million on top of the $zillions spent over past 15 years on exploration expenditure???
They further stated they would commence a pre-feasibility study in Q4 2012 once a resource update was completed. Not sure if that actually happened. I don't think it did. Happy to be proven wrong. If it did was it ever published?
STILL ......... on the bright side....... H&P have paid themselves quite handsomely for their troubles over the many years. Just like they have overseen the share price drift (or should that be 'manipulated'??) from 20p to 1p odd.