"I think you find out grade and recovery means everything, and that is why the market is valuing ISM as it is."
Yes Nickel that is the understatment of the year here at ISM. I look forward to seeing what they come up with and seeing what the updated 43-101 contains.
When offering up Metal Mines as a spin off in a past failed effort, the company would certainly have had to come up with some sort of economics/numbers for which a prospect could base an educated economic decision on. Makes you wonder what they could offer back when this was possibility last March. Do they have phase II of the 43-101 in a rough copy?
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=29428731&topic=ISM:CA&symbology=null&cp=null&webmasterId=92583
So what will they do with the property? Spin out? Offtake? Partner up? Keep up with the "ongoing drilling"? I don't believe they will ever be a miner, so I cannot see ISM mining this themselves. What does Micon see here and suggest they do with it??
"Pursuant to the Micon Report, resources in the Indicated Resources category for the Langmuir North deposit are 8,324,000 tonnes grading 0.40% nickel, as detailed in Table 1. Resources in the Indicated Resources category for the Langmuir No. 1 deposit are 1,733,000 tonnes grading 0.51% nickel"
