Ann: Trading Halt , page-3

Nice One,

Hard to tell imo.

With the Norilsk concentrator ceasing, they are going to need to about double the capacity of their own just to get to about 30 ktpa of nickel in conc on their best grades aren't they?

With CAPEX for spotted quoll, flying fox probably a net cash flow consumer at current prices due to development, seems to me they need more money.

I'd rather be supplying someone else's concentrator for a higher take than trying to build or expand my own in this post Armegeddon environment. But that is no longer the option.

We know the pon is unsubstainably low when a high grade operation like WSA doesn't work like an ATM.

EL