LME Nickel - Charts ... Place mouse over price line to see data points. ..... Jan 1996. US$3.727 37952 MT Feb 1996. US$3.640 35493 MT Mar 1996. US$3.644 ...Today ~10.00/lb
Raglan,set to begin production in 1997,was one of the largest nickel mines launched in years,with estimated reserves of 18 million tonnes in 1995 ( from Cappysmart)
The above is the criteria set.
As of today, Noront has >1.8 million to NI and
Multimillion ton of CR which is = 3.5 % of NI...( from Noront report)
if >1.8 + 5 million ( assume) CR = 6.8 million ton but our current NI price is > 3 times more than in 1996 then it means 6.8 x 3= 20.4
our in situ resources in monetary term for sure is better than Raglan mine at the time of 1996....besides our % of NI is richer..and our report was based on assays results up to July 3rd...
Hope this DD may help, correct me if I am wrong...