True, it can't keep going lower as it mean more companies will operate at a loss for a long time which already was starting to happen mid last year when nickel price started to descend to 5US/lb and then 4.5US/lb and the market reported that 50-60% were operating at a loss.
But the reversal would only mean it will likely climb to 5-5.5US/lb, IMO, I highly doubt the N3 Eclipse will occur and nickel price will raise to 7-8US/lb again (let alone 9-10US/lb+) so how does that help POS....?
The 2015 financials indicate they need 6.5US/lb for Lake Johnson and Black Swan to be operational for POS......Windarra? Some say their production cost before the C&M was around 5-5.5US/lb....others (mainly
@tomboy) say it as low at 3-4US/lb and lower to 2.5US/lb?
