VRE 0.00% 2.0¢ view resources ltd

carnilya hill

  1. 2,288 Posts.
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    Quote from Mincors quarterly activities report.

    "Pleasingly, Carnilya Hill accessed high grade (3-4% nickel) ore on the 14 and 15 levels during the quarter. Development to high-grade ore below these levels continues and will facilitate the ongoing production ramp up. In addition, drilling below the current resource and reserve indicates extensions of high-grade ore beyond current reserve boundaries."

    All good news on this 30% held asset. Excellent grades are ensuring quite good margins and profitable mining even at current nickel prices (helped by low $A).

    Nickel will recover next year as Chinese stainless steel manufactures ramp up production again.

    Expect relisting next year when the time is right (market wise).
 
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