Some courage? They are using a discount rate of 8% when the company is already paying 10% on its debt. They should be using a discount rate of at least 12-15% to see if the Hart Project is viable.

And $105,000,000 in capex to develop Hart? As said, where is that going to come from? McWaters?

And using $8 and $10 nickel prices is once again fool hardy. How about today's $7 nickel price.

I don't understand why these reports are so optimistic on paper then it collapses in real life. So typical of this company.

Eight percent discount rate. Shake your head!