Fast Santa Rita payback

MIRABELA Nickel’s Santa Rita project in Brazil could potentially payback its entire $US130 million capital cost within two years should nickel be fetching $US5 per pound in the initial years of production starting from 2008.

Fast Santa Rita payback Fast Santa Rita payback Fast Santa Rita payback Fast Santa Rita payback Fast Santa Rita payback

The company believes the potential $US80 million debt component of the capital cost would be repaid within 15 months at $US5/lb, compared to 19 months at $US4/lb and 11 months at $US6/lb.