Nd should crack the US$60,000 mark before the end of this week and is now higher than Roskills Low projection for end of 2020
With around 30 trading days still remaining in this year and with the current rate of rise in Shanghai prices, Nd should easily make Roskill's mid-range (Base rate) Projection of US$68,000/t which gave PM8's PFS a pre tax IRR of 101% and EBITDA of US$1.3B
Note: The US / New York price already hit Roskills Mid rate last week and is now well it's way to their 2020 High projection of US$78,000/t
So why are we still Yo-Yo-ing between $1.20 and $1.50 ?????? we are being robbed blind by the DT's
PM8 Price at posting:
$1.26 Sentiment: Buy Disclosure: Held