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First Point Hopes to Drill Naturally Occurring Stainless Steel
Jan. 31, 2012 02:14PM PST
Base Metals Investing Mining Weekly reported First Point Nickel (TSXV:FPX) is planning to mine naturally occurring stainless steel at its Decar project in British Columbia.
Mining Weekly reported First Point Nickel (TSXV:FPX) is planning to mine naturally occurring stainless steel at its Decar project in British Columbia.
As quoted in the market news:
What partners Ron Britten and Peter Bradshawfound instead was a deposit of ferronickel, widely disseminated in small, but visible grains.
At the time, nickel was trading at $3.50/lb, so after doing some basic economics the partners realised that mining it would not be profitable, so they packed all the information they had into a file.
