Goldman was wrongly predicting a 2021 Ni surprlus then changed this to a large deficit
The Ni deficit is growing massively
I am a Ni bull, I prefer aussie production to cheap Indo one sent to China.
The expense side is their advantage but the large capex & local strife/soveriegn risk is a big problem.
Aussie worker aud $400 per day
Indo workler aud$15 per day!
rupiah 10,300 to 1 aud
Valuation, page-115
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