in-situ Metal value US$21.3 Billion25 Apr 2018 11:46
..."Using March 2018 metal prices for all commodities, the Ni Eq grade is 1.02% (2017: 1.03%) containing a total in situ metal value estimated to be in the order of US$ 21.3 billion (2017: US$ 10.4 billion). The in ground value increase of 105% is due to the addition of 50% more metal and the increase in nickel, copper and cobalt prices during the most recent 12 months. Metal price changes account for US$ 3.6 billion of the increase over the 2017 MRE with the remainder (US$ 7.3 billion) being attributable to the newly defined resource."...