If they were to be drilling as Micon had recommended, this Metal Mines spin out will get very interesting. If Nickel stays above $11 especially.
As you had written in Jan,
Largest Nickel Deposit in the Shaw Dome
posted on Jan 10, 10 04:22PM
"People seem to forget that the Langmuir North deposit still has 73,000,000 pounds of indicated nickel. All open pitable and very economic for grinding.
Langmuir One has another 20,000,000 pounds of indicated nickel. And now we see that as open pitable as well. That does not include the Central and West known deposits.
For comparision, McWaters only has 14,200,000 (I rounded up) pounds of indicated nickel, and it is open pit and will require ramps and stopes.
Micon believes these extra discoveries may contain another 20-40 million tonnes of similiar grade. Lets split the difference and assume 30 million. At .4 to .5% grades , that could still be another 270,000,000 pounds of indicated nickel. Probably all shallow and open pitable as well.
So while the initial report did not meet my expectations, there could be one mamoth deposit that is easily minable and all outside of Timmins. Not in Raglan Quebec and not laterite.
This is still a huge deposit that should seriously be considered. And thats not an opinion, that is based on facts produced by an independent analysis."
http://agoracom.com/ir/Inspiration/forums/discussion/topics/394566-largest-nickel-deposit-in-the-shaw-dome/messages/1308129#message
