The Turnagain nickel property is situated immediately north of Turnagain River near its confluence with Hard Creek. In 2011 Hard Creek nickel announced that they believe it will be possible to produce a saleable concentrate grading ca. 18% Ni by suppressing the magnesia within the ore. This in turn will reduce capital costs to develop the project, potentially to around $1.5bn. Our analysis follows the Preliminary Economic Assessment (PEA) issued in December 2011.