Mining News of Note Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (36545)	5/4/2009 11:02:35 PM
From: LoneClone	Read Replies (1) of 194260

Independence tips nickel boost May 04, 2009 Article from: The Australian theaustralian.news.com.au INDEPENDENCE Group's brownfield Kambalda nickel ground has shown drill results that could boost annual output by 5000 tonnes. Drilling at the Moran discovery has Deutsche Bank saying the deposit could hold 40,000 tonnes of nickel and boost production at the Victor/Long operations from 8000 tonnes a year to 13,000 by 2011. Preliminary analysis by Deutsche says the find could be worth $135 million, or $1.20 a share, extend mine life to 2018 and be sanctioned next year. Despite Deutsche boosting Independence’s target price from $2.58 to $3.32, the stock remains a "Hold" due to a hefty recent rise in the stock’s price. Shares were down 6 per cent early Monday at $3.66, but have risen from about $1.50 at the start of the year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next