The reality is that the incentive price for palladium is well above $2k if the world doesnt want it from Russia. CHN will be the lowest cost producer outside of Russia. So if you believe the world will want more palladium its not a big leap to use the price assumptions in their deck.
When PLS did their PFS they used a lithium price of $500 per tonne and at the time the spot price was around $500 per tonne. We all know what happened to the incentive price there. Won't take much for CHN to become the hottest deposit in the world again if you believe in the green metal narrative.
Next week we will see a significant holder notice for Tim buying more shares and everyone will be scrambling to buy back.
Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-479
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