| Project Summary |
| Mine Life: |
21 years |
| Resources: |
5.1 billion lbs of contained Ni (4.04 billion lbs in-pit).
(Includes some historical) |
| Treatment Rate: |
27.4 Mt per annum (75,000 tpd) |
| Nickel Production: |
125.6 million lbs per annum |
| Capital Costs: |
C$1.2 billion |
| Nickel Price: |
C$8/lb |
| Operating Costs: |
C$4.29/lb Ni |
| Project NPV, 10% DR, C$8/lb Ni: |
C$1.06 billion |
| Project IRR at C$8/lb Ni: |
21.8% |
| Payback Period: |
3.9 years |
| Note: The above pre-tax and unleveraged economics of the Dumont Nickel Project are preliminary and are based on a conceptual study updated by Aker Solutions in July 2008. The above economics are subject to revision upon completion of a bankable feasibility study. |
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