lol, guys, a few peeps went a wee bit crazy bidding this up yesterday and got the company a speeding ticket,
Like I said, I reckon theres a few weeks or so to accumulate good positions in the company,
Anyway here's an article I found
Veteran miner David Burt, who headed high-flyer Australian Consolidated Minerals in the 1980s, is eyeing a return to production with his latest venture, Yilgarn Mining, after confirming a new JORC resource for its Carr Boyd Rocks nickel project.
The project, 100km north-east of Kalgoorlie, was one of the first deposits developed by WMC during the first nickel boom and produced over 210,000 tonnes of nickel up until 1977.
Yilgarn, which floated in 2004, said on Friday it upgraded the resource to 618,000 tonnes grading 1.4 per cent nickel and 0.5 per cent copper.
While the contained metal resource of 8400t of nickel and 2900t of copper is hardly world-class, the high price of both metals makes development a distinct possibility.
Yilgarn is earning 51 per cent of the project, with the remainder held by Consolidated Minerals, which is fast-tracking expansions of its own nickel mines at Kambalda to cash in on record prices. Yilgarn will feed the new resource numbers, which are based on the results of 109 surface holes and 175 underground diamond holes, into an ongoing mining study which envisages a number of open pits to a depth of 90m.
The study, including metallurgical testwork, is expected to be concluded early next year, meaning production could potentially start by late 2007.