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Toledo - Cashflow from the world's 3rd largest Nickel Resource

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thepsychic - Fri, 22 Dec 06 :

So, they are looking to ship 1,000,000 tons in 2007. The big question is, Is there a buyer there?

'Customer demand for the laterite ore is very strong. Negotiations are well
advanced for the long term (4+ years) supply of up to 50% of the mine output to
the BHP Billiton /QNI (Queensland Nickel) plant at Townsville in Australia.
Similarly, negotiations continue with numerous Chinese and Japanese customers
for shorter term supply of up to two years. Demand far exceeds supply'.


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