At current nickel prices, this newly defined resource has an in-situ value of over $600 million, and when added to the historic potential at the nearby B4-7 deposit, currently awaiting its own resource statement, puts a value of approximately $1 billion on the Junior Lake property.
During a week which saw the start of the bidding war between Norilsk and Xstrata for LionOre, which saw AIM-listed nickel laterite producers and explorers rise to astonishing heights, and which saw nickel go through the $50,000 per tonne mark without stopping, Landore?s AGM had passed by virtually without comment.