"And funnily enough, demand will strip supply of Cobalt and Nickel if plants like AUZ dont come online..."
JD - I don't think it'd as simple as that!
My reading is showing that more and more analysts are seeing a flat or poor future for Co but a very healthy future for Ni.
A key question for the optimised BFS is, will the rise in the Ni price be sufficient to offset an anticipated fall in the Co price. Wood McKenzie, for example, is forecasting a Co price of $44K per ton in 2022 - the 1st or 2nd year of the Sconi ramp-up. This is only two thirds of the base case BFS Co price of $66K/ton.
This is a key issue - well described here:
https://www.worldfinance.com/market...be-losing-their-spark-as-prices-start-to-fall
Dec 31st D-Day, page-406
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Mkt cap ! $18.18M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $35.82K | 2.747M |
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| No. | Vol. | Price($) |
|---|---|---|
| 14 | 23746491 | 1.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 3315105 | 7 |
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