Mayaniquel: A “Remarkable” Ferronickel Project

Jul. 08, 2011 07:51AM PST

Mineweb reports Anfield Nickel’s (CVE:ANF) Chairman, David Strang says the Mayaniquel project is “one of the lowest cost nickel projects in the world.”

Mineweb reports Anfield Nickel’s (TSXV:ANF) Chairman, David Strang says the Mayaniquel project is “one of the lowest cost nickel projects in the world.”

The market news is quoted as saying,

As outlined in the scoping study Mayaniquel would be a 30-year, 20,000-tonne-per-year mine that would cost $1.2 billion to build. At an eight percent discount rate and $8.25 per pound nickel, Mayaniquel’s net present value (NPV) was $606 million, while cash costs net of an iron-byproduct credit were $3.14 per pound nickel.

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