Producing nickel matte in this way is CO2 intensive, page-21

At the end of the day NIC is still producing cash right now and investing in the future to double it's capacity. NIC is not betting on a sky high Nickel LME price, it is betting on a low cost Nickel future where quantity is key and the location is prime.

Indonesia has the reserves to go for 30 years atleast and I suspect the majority of the profit will be made in this decade and the next 2020 - 2040

That is the horizon for NIC - it is not a 1 year get rich scheme like some people think it is. When Angel Nickel doubles capacity next year this company will be in a completely different league. Whose to say they don't do 2-3 more moves like angel in the next 2 years. Its all about capitol.

As for China, there will always be tensions - that much is inevitable. It's one of the earth's two main superpowers. If there was no tension then that would be a more worrying sign. In terms of the nickel being Australian, this is not Australian nickel, it is Indonesian nickel which the Australians have bought into. The large mine they have developed gives them a certain amount of leverage with Tshingshan to gain access to the industrial park centres as a smelter and not just a miner.

Tshingshan probably wanted NIC as a source for western investment yes, but more importantly a source of Nickel literate ore next to the Morawli Industrial Park.

Mr Weifeng Huang wouldn't be on the NIC board if Tshingshan wanted to drop them from the collab.