HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: African Nickel

African Nickel

posted on Feb 26, 2009 08:52AM

Todays Globe has a story on Sherritt. They are 40% owners in the Ambatovy Nickel project in Africa. Capitol costs have gone up 33% from $3.4billion to $4.5 billion and Sherritt can't raise that kind of money. Share price is down considerably. I know this is Madagascar but that general neck of the woods may be too expensive and too unstable to do business. May look good for choosing our neck of the woods for nickel and chromite.

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