pathetic, page-63

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Waterblunt

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09/08/16

17:42

Post #: 18479087
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Originally posted by user23 ↑

Because it was awarded to them in the first place so they are fighting it as they are pissed off but during the 5 year legal fight, no-one thought nickel price would drop to 5.5US/lb and then 5US/lb and then 4.5US/lb and then 4US/lb (where it stayed around 4-4.5US/lb for most of the last 12 month) and it even dropped to as low as 3.5US/lb!!!!!!

It looked very good back then in 2014 with 1.5% laterite nickel ore when AVQ was quoting it for 85US/lb (but has more then half since then), it very hard to get funds for start-up cost for commencing nickel production, given how low the nickel price is at (market was reporting 50-60% of nickel producer was still making a loss with nickel price at 5-5.5US/lb!!!!)

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LOL, so you are saying that Sumitomo no longer want Isabel are you?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sorry about the '!', but from your last post I sense you feel that they help strengthen the point!!!!!!!!!!!!!!!!

Again, so at you saying it's not profitable and as such can I assume Sumitomo will not participate in the EOI?

GLTAH and Jazz.

Last edited by Waterblunt: 09/08/16

AVQ Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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pathetic, page-63

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